Question

the epic battle between these two olympian figures began not long after jefferson came to new york city to assume his state department duties in march 1790. by then hamilton was in the thick of a contentious campaign to retire massive debt inherited from the revolution. america had suspended principal and interest payments on its obligations, which had traded as low as 15¢ on the dollar. in an audacious scheme to restore public credit, hamilton planned to pay off that debt at face value, causing the securities to soar from depressed levels. jefferson and madison thought the original holders of those securities—many of them war veterans—should profit from that appreciation even if they had already sold their paper to traders at depressed prices. hamilton thought it would be impractical to track them down. with an eye on future u.s. capital markets, he wanted to enshrine the cardinal principle that current owners of securities incurred all profits and losses, even if that meant windfall gains for rapacious speculators who had only recently bought the securities. the author includes the information in paragraph 6 to — show the differences in the personalities of hamilton and jefferson describe the events that led hamilton and jefferson to become enemies illustrate how jefferson was a more adept politician than hamilton demonstrate that hamilton was more capable of governing than jefferson

Explanation:

The paragraph details the financial - related disagreements between Hamilton and Jefferson which led to their enmity. It focuses on the events around Hamilton's debt - repayment plan and Jefferson's opposing view.

Answer:

describe the events that led Hamilton and Jefferson to become enemies