Ch10 Flashcards
Economic problems post rev war in us
Slump in exports since no longer trading with Britain
National debt
Lack of domestic manufacturing which led to protective tariffs
Problems facing the us post revolutionary war
West and south
Spain closed Louisiana port to farmers which forced western farmers to ships stuff over the app mtns WHISKEY
Britain wouldn’t leave forts in OH valley
Both supplied Indians with guns
The new government
Washington unanimously elected president
Reelected in 1792
Adam is VP
Washington not affiliated with political party until after leaving office
Defining the presidency
Washington created cabinet
NYC is temporary capital
Generally deferred to congress
Established tradition of two year term
First cabinet
Jefferson: Secretary of State
Hamilton: secretary of the treasury
Knox: secretary of war
Bill of rights
Contains first 10 amendments
First 8 are protecting personal freedoms
9 guarantees other rights
10 reserves powers to the states
National justice
Judiciary act of 1789 created federal district courts
Federal courts operated according to local procedures
Supreme Court has final jurisdiction
John Jay first Chief Justice
National economic policy
Alexander Hampton-secretary of treasury and economic whiz kid
Wanted to develop a strong economy through industrialization and trade
Favored New England and wealthy class—first trickle down economy
Hamiltons report on the public credit
-us credit is weak because us can’t repay depts
-Hamilton proposes us govt pays off all debts and assumes all state debts
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Assumption of state debts
Problem: US war vets hurt by this because they would sell their bonds then bonds increase when bonds were exchanged for new govt bonds
Why did va agree to assumption of state debts
VA didn’t have much debt and couldn’t benefit from giving up debts
Agreed to have capital in Washington, D.C. if VA would pass assumption bill
Hamilton’s report on the bank
Congress chartered the nat’l bank
Govt owned 1/5 of bank
Protective tariffs raised profits and protected domestic manufacturing
Objections to Hamiltons national bank
Tariffs hurt southern farmers
Feared that Hamiltons plan favored the rich
Strict vs loose
Loose==enabling document
Strict=restricting document
Whiskey rebellion
1794
Excise tax on whiskey to find assumption of state debts
Farmers turned extra grain into whiskey since it was easier to transport
Western PA farmers attacked us Marshalls and Washington personally led army to crush the rebellion
FIRST TEST OF NEW GOVT
Federalism
Feared popular participation in politics
-believed natural aristocracy should rule
-led by Hamilton
Favored strong central govt and elite
Strongest in New Eng and MidAtlantic
Favored manufacturing and good relations with Britain