Wednesday, March 6, 2019

Charles A. Beard - Economic Origins of Jeffersonian Democracy - (Book Review)

Charles Beard is known for his economic interpretations of American history.  Maybe he overdoes it, but I tend to agree with his economic take on issues.

His main contention is that early American history was a continuation of the conflict over the ratification of the Constitution.  Federalists vs. Democratic-Republicans followed support and opposition to ratification of the Constitution.

Perhaps I should read his book on the Constitution and Brown's response.

There is a straight connection between Jeffersonian Democracy and those people who opposed the ratification of the Constitution.  P. 1

There were two fairly functioning political parties working during the Washington administrations that preceded the Jefferson administrations.  P. 27

Beard gives his capsule summary of every member of the Constitutional Convention.  P. 34

The forces unleashed by the adoption of the Constitution did not end after it went into effect.  Both sides knew that its real impact would be felt in the administrative law and norms established under the new charter.  P. 85

The Constitution makers dominated the formation of the new government.  P. 108

The initial party schism began with reaction to Hamilton's financial proposals.  P. 109

Jefferson's answer to the evils introduced by  Federalism was to establish the dominance of the agricultural interest  over the stock jobbers.  P. 112



Hamilton says that manufacturing prosperity agricultural prosperity are linked.  Is this a kind of trickle down argument.  P. 126


Whatever benefits one section of the country eventually benefits all sections.  P. 126


Fully funding the national debt will augment fluid capital.  Not sure I understand "fluid capital."  P. 136

Real wealth came only from land and labor according to the agrarians.  P. 138

John Taylor of Caroline is an interesting fellow.  I should try to understand his thought opposed to Hamilton and Adams.  P. 196

The Federalists seem to believe that their economic proposals would trickle down (in today's language) to all segments of the economy including farmers and labor.  Could Hamilton's economic proposals be called trickle down economics?

I am not going to rack my brain trying to understand Jefferson's economics.  P. 415

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