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Areican and french revolution revised

r Martin of Maryland complained that they were "filled with paper money dread.") Hamilton's centralizing tendencies would have been inappropriate at any other time in American history; but in the 1790s, his program helped 13 nations combine to form one United States. Had succeeding Treasury Secretaries continued Hamilton's course of strengthening the federal government, at the expense of the states, America's economic expansion would have been stillborn. Fortunately, when Jefferson came to power, he brought with him the Swiss financier and economist Albert Gallatin, who served Jefferson for two terms and Madison for one. Unlike his fellow countryman Necker, whose mercantilist policies only hastened the coming of the French Revolution, Gallatin was committed to limited government and free market economic policies. Setting the tone for his Administration, Jefferson said in his first inaugural address: "Still one thing more, fellow citizens, a wise and frugal government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. For the next eight years, Jefferson and Gallatin worked to reduce the nation's debt as well as its taxes. The national debt was cut from $83 million to $57 million, and the number of Federal employees was reduced. Despite the restrictions on trade caused by Napoleon's Berlin and Milan decrees, and the British blockade of Europe, American businessmen continued to develop connections around the world. By the end of Jefferson's first term, he was able to ask, "What farmer, what mechanic, what laborer ever sees a tax gatherer in the United States?" The only real comparison that can be made between these two great historic revolutions is the formation of their new government. The revolutionists in America abolished laws that Britain opposed on them such as the...

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