C10 - Launching the new ship of state 1789-1800 Flashcards
Virginia and Kentucky resolutions
Virginia (James Madison) and Kentucky (Thomas Jefferson) both passed resolutions to ignore the Federal Alien and Sedition Acts (“nullification”). No other states agreed to go along with this.
XYZ affair
3 french go-betweens who tried to get John Marshall and 2 others to pay bribes to talk to French Foreign Minister Tallyrand.
Marshall refused and negotiations broke down.
assumption
Alexander Hamilton’s idea that the federal government would assume the debts of the states.
Thomas Jefferson
Leader in VA who made the deal (and got the votes from his fellow Virginians) with Alexander Hamilton re: “assumption”.
Became leader of the Jeffersonian Democratic Republicans - believed that the best government was one that governed the least. Most concerned with the poorer masses of people. Not aristocratic like the Federalists.
Federalists
Washington, Hamilton and Adams were all federalists. They believed in a strong, central government. Favored the wealthy with protections against the “mobs” of masses of poorer people.
They felt this was the best way to hold together the new United States.
Tenth Amendment
10th Amendment to the Constitution: says that rights that were not specifically granted to the Federal Government in the Constitution would be rights of the States or of the People.
cabinet
heads of departments of the federal government that work under the President. eg. Secretary of State.
Battle of Fallen Timbers
- US General Anthony Wayne won a battle against Miami Indians.
Henry Knox
First Secretary of War, reporting to President George Washington
Tariff
Taxes on goods traded with foreign countries.
Alexander Hamilton’s money policy depended on tariffs to pay off the national debt.
Matthew Lyon
A Jeffersonian Congressman who was famous for having spit in the face of a Federalist. He was sentenced to 4 months in Jail under the Sedition Act for speaking out against President Adams.
Alexander Hamilton
First Secretary of the Treasury, reporting to President Washington.
A financial wizard.
Had to shape fiscal policies of the Government to solve some of the money problems under the Articles of Confederation. His plan would favor wealthier groups who would then lend support to the government, and prosperity would trickle down to all people (the masses).
Believed in “funding at par”: federal government would pay off all of its debts and the states’ debts accumulated during the war at face value plus interest. He had to bargain to make this happen. In 1790, he made a deal with Virginia (VA did not generally agree with his idea of “assumption” of the states’ debts), so he made a deal that if they agreed with assumption, the nation’s new capital, Washington DC, would be located in Virginia.
Named “Father of the National Debt” because his policies created a $75 million national debt. His idea was that this debt would make America more united…with all states having a stake in paying off the debt together. His economic plan called for money to be raised through “tariffs” (money charged on goods traded in the US). This called for vigorous trading with other countries in order to raise money this way.
One goal of Hamilton was to create a sound “credit rating” for the US, which would mean that other countries would lend money to the US when needed because they could trust it would be paid back.
Bank of the United States
Created by Congress in 1791 after vigorous debate: Alexander Hamilton (in favor of creating the bank) vs. Thomas Jefferson.
This was a bank owned by the Federal Government. Purpose: to regulate money policy.
Judiciary Act of 1789
The first Congress passed this act to form the first federal courts, organized the Supreme Court, with district and circuit courts and formed the office of the Attorney General.
Ninth Amendment
Said that just because certain specific rights were spelled out in the Bill of Rights, that doesn’t mean that other rights do not still reside with the People.