Dual Banking System: A Thoughts Of Compromise Between Hamilton And Jefferson

Dual Banking System, is the system of the national bank and the national bank ofcoexist; Licensed by the federal government promulgated the national bank, theimplementation of supervision; And the state Banks and private Banks have issued by thestate is responsible for the licensing and supervision of implementation. In the process ofthe formation of the Dual Banking System, Alexander Hamilton and Thomas Jeffersonand others always thought through in the whole process. That is a federal and states’rights, the federal government under the centralization and decentralization thought onthe financial banks’ compromise.This article focuses on two issues: one is Hamilton with Jefferson and othersfinancial philosophy; the second is the formation process of dual bank. And the firstproblem is the main line of this article, set by Hamilton and Jefferson, Hamilton andThomas Jefferson and Hamilton and Thomas Jefferson financial ideas, explore their rolein the formation of the dual banking system and how to implement the fusion process.The second problem is the centerpiece of this article, through exploring the formationprocess of the dual banking system, it is concluded that this is the banking system is theinevitable result of the development process, and the performance of dual banking systemis obtained relatively stable in the long term.Three are three parts in this paper, the main points: one is Hamilton’s financialphilosophy and Jefferson’s agricultural ideology, thus draws two people about federalismand states’ rights, the federal system of centralized and decentralized embodied thethought on the financial Banks; second is developed from germination to preliminary areapplicable to the establishment to improve the development of the process for the spindle,applicable in different stages of development is how to reflect the thought of Hamiltonand Thomas Jefferson and others compromise; third is through the first two parts in thispaper, the conclusion is the inevitable outcome of the development of bank system areapplicable, and will maintain stability, and for his positive, positive, and expounds thereference to the development of the Banks in China.