Jefferson vs. Hamilton

This is a clip from the HBO series "John Adams" It depicts a conversation between President Washington's cabinet members Alexander Hamilton (Treasury Sec.) and recently returned from France and Secretary of State Thomas Jefferson, regarding Hamilton's proposed assumption of the revolutionary war debts of the individual States under the authority of the Federal government and the formation of a National bank. Effectively these are some of the fundamental and foundational ideological differences between the origins of the Democrat (known at the time as "Federalist") and Republican ("Democratic-Republican") parties.