Beruflich Dokumente
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Chapter 10 Outline
Intro
The infant government was very weak
The gov had lots of debts
Growing pains
The population doubled every five years
Population 90% rural
Most lived on the East side
The western states were somewhat at the mercy of the Spanish
Washington for President
Washington won presidency by unanimous vote
Only politician who had no political party
Swore in over wall street
Only three members of the cabinet, State Department, Treasury department, War
department
Bill of Rights
Most states needed a bill of rights
James Madison pushed the bill through congress
Bill of rights secured rights
The 9th amendment protects states
The tenth amendment gives Americans all rights not listed in the constitution
John Jay was the first chief justice
The bill of rights protected minorities
Hamilton revives the courps of public credit
Hamilton was not even American
He regarded himself as a prime minister
Was one of the first to encourage trickle down economics
He encouraged that the debt be paid back with interest included
He wanted the federal government to assume the debts of the states
He wanted support from the rich
The bargain occurred in 1790
Customs duties and excise tax
Hamilton was the father of modern debt
His goal was to make debt an asset rather than a liability
People were big supporters of tariffs on imports
The only internal tax was on whiskey
Hamilton and Jefferson battle for a bank
Hamilton wanted it
Jefferson didnt
Jefferson= literalist
Hamilton = Loose
Hamilton used the commerce clause and the elastic clause to justify the bank
North wanted the bank, but the south didnt
1/5 of the bank was to be owned by the federal government
Mutionous Moonshiners
Wiskey rebellion n PA
Excise tax very heavy on the pioneers
Made whiskey poles and tarred tax collectors
Gave new gov respect it deserved
Emergence of political parties
Hamilton founded the federalists
Jefferson founded the democrat repubicans
Founders had no intention of parties
Created 2 party system
Political parties now play an important role in the democratic process
Impact of the Weaklings French Revolution
The French revolution started during washingtons second term
Most Americans encouraged the revolution
Americans renamed streets to support the French
Federalists feared the revolution
Democrats approved the revolution and said aristiocratic heads were cheap in return for
freedom
Washingtons Neutrality
Jeffersonians wanted war with England to back the French
Washington and Hamilton wanted neutrality
Americas navy was bad so it would make no sense to fight a war over the Atlantic.
Some saw the move as an excess of presidential influence
Some Frenchie came into the united States to try to recruit for the army
America still supported the Frech by means of foodstuffs
Embriolments with Britain
Brits stayed near the great lakes
They made lots of money in the fur trade
British provided an Indian buffer to try to stop colonial expansion
The British did not support the natives after Greenville routed them so the native ceded
massive amounts of land to the Americans.
The British openly waged war in the West indies
Jays treaty and Washingtons Farwell
John Jay tried to reason with the Brits
John Jay won no concessions
He had to pay the British back for all the pre revolution debts, but the Brits would give
back the merchantmen
The British refused to leave American soil