chapter 10 Flashcards
american population was doubling every
25 years in the late 1700s
george washington was unanimously elected as president by the
electoral college in 1789
washington established the
cabinet
james madison wrote the
bill of rights and helped get them passed by congress in 1791
john jay was the first
chief justice
states with large debts accepted hamilton’s economic plan, but states with small debts did not want the
government to assume state debts
hamilton’s plan was passed by congress in 1790 in a deal that placed the district of columbia on the
potomac river
hamilton believed that a national debt was good for the country: more creditors to whom the gov owed money, the more people there would be with
a personal stake in the success of the government
hamilton supported first tariff law which imposed taxes on
certain imports
the tariff law of 1789 (first one) brought in revenue for the gov and
protected small American industries
in 1791, congress passed an excise tax on a few
domestic items, including whiskey
most of the opposition toward the bank of the united states came from the
south and most support from the north
1st bank of the u.s. was created in
1791
bank of u.s. charter lasted for
20 years
although the troops that subdued the whiskey rebellion didn’t face opposition, a strong message was sent by the gov that it would
enforce the law