In 1807, American foreign trade was diminished when Jefferson implemented the Embargo Act in response to British threats to U.S. shipping. The same year, Jefferson signed the Act Prohibiting Importation of Slaves. After retiring from public office, he founded the University of Virginia. His father Peter Jefferson was a planter and surveyor who died when Jefferson was fourteen; his mother was Jane Randolph. Hamilton also had bold plans to establish the national credit and a national bank, but Jefferson strenuously opposed this and attempted to undermine his agenda, which nearly led Washington to dismiss him from his cabinet. Jefferson later left the cabinet voluntarily.The second major issue was the capital's permanent location. Hamilton favored a capital close to the major commercial centers of the Northeast, while Washington, Jefferson, and other agrarians wanted it located to the south.
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