Alexander Hamilton's Financial Plan

Question 1

What did Alexander Hamilton believe about the federal government and state government?

Answer 1

The federal government should have more power than the state government.

Question 2

What was step one of the financial plan?

Answer 2

to pay of the war debt to the other nations to gain trust for trade

Question 3

What was step two of the financial plan?

Answer 3

get money for the federal government through tariffs and tax

Question 4

What is a tariff?

Answer 4

tax on imported objects

Question 5

What are the effects of tariffs?

Answer 5

• encourage people to make their own things

- raise money for the government

Question 6

What was step three of the financial plan?

Answer 6

to make a national bank

Question 7

What was the purpose of the national bank?

Answer 7

• a place to keep the government’s money
• to give loans to people who want to start a buisness
• a place to make AMERICAN currency

Question 8

What was Alexander Hamilton’s and Thomas Jefferson’s debate on making a national bank?

Answer 8

Thomas Jefferson said that the constitution does not say that the government can make a national bank. Alexander Hamilton says that the constitution says that you can do what is good for the country.

Question 9

What was Jay’s Treaty (1794)?

Answer 9

The US was neutral in the British and French war.

Question 10

What is impressment?

Answer 10

to sieze

Question 11

What was the Whiskey rebellion?

Answer 11

• the government made a tax on whiskey ($0.07)
• Pennsylvania refused to pay the tax
• George Washington leads militia to Pennsylvania while he is president
• when they arrived, everyone ran home except for 2 people

Question 12

What did Washington’s actions toward the Whiskey Rebellion show the world?

Answer 12

The US government could handle anything,n no matter what.