Jeffersonian Tradition

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American History


Written by:

Joel H


Date added:

October 15, 2015








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2 / 439


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Fortunately, they received more for what they bargained. Napoleon, in need of cash to back his debts accrued during his wars in Europe, agreed to sell the entire Louisiana Territory for $15 million. Jefferson was ecstatic, but he knew he would ultimately be temporarily abandoning his strict constructionist views...
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Before Napoleon could renege, Jefferson carried forth the purchase backed with his acceptance of the enumerated powers of the Constitution. Earlier, Jefferson had also allowed the 20-year charter of the First National Bank established by Hamilton to carry on uninterrupted, although he was an outspoken opponent in the beginning because the Constitution did not allow the federal government to create a banking system and private banks would lose business...
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