Chapter 13

Question 1

Hamilton used this term to refer to paying the national debt at par, or face value payment to speculators.

Answer 1

Funding

Question 2

Hamilton used this term to refer to the governmental responsibility for state debts following the Revolutionary War.

Answer 2

Assumption

Question 3

This was Hamilton’s idea for raising money by penalizing “sin” times such as cigarettes and alcohol.

Answer 3

Excise Tax

Question 4

This institution, chartered initially 1791-1811 and rechartered 1816-1836, was a place to store government funds as well as provide capital for industry.

Answer 4

B.U.S.

Question 5

This means a tax on imported goods and was supported by Hamilton as a means of protections(ism) for infant, or beginning, American industries.

Answer 5

Tariff

Question 6

This agreement allowed payment of Northern state debts from the revolutionary in exchange for relocation of the nation’s capital to a site on the Potomac.

Answer 6

Compromise of 1790

Question 7

Jefferson considered this self-sufficient, honest work man the ideal for the virtuous republic. Jefferson is credited as saying: “State a problem to a ploughman and a professor,” and “the former will decide it often better than the latter.”

Answer 7

Veonman farmer

Question 8

Jefferson criticized this benefit, which allowed businessmen to sell their goods for a higher price, as tantamount to the government actually putting money into the pockets of capitalists.

Answer 8

Indirect Subsidy

Question 9

This French term means government noninterference capitalists.

Answer 9

Laissez-Faire

Question 10

This divides power between the central bureaucracy and the states; of course the dispute would revolve primarily about how much power the states versus the federal government would retain.

Answer 10

Federal System

Question 11

This word refers to an entrepreneur who takes a risk in trading bonds in anticipation of making huge, quick profits.

Answer 11

Speculator

Question 12

This historian wrote extensively about Thomas Jefferson and the Jeffersonian Republicans, including the book title Jefferson vs. Hamilton: Confrontations That Shaped a Nation.

Answer 12

Noble E. Cunningham Jr.

Question 13

This historian has written extensively about the Founding Fathers, including the book titled HIs Excellency: George Washington.

Answer 13

Joseph J. Ellis

Question 14

This word means “wise”, “astute,” “perceptive,” etc.

Answer 14

Sagacious

Question 15

This portion of the Constitution is also known as the “elastic clause” and was interpreted by Alexander Hamilton and the Federalists as empowering the federal government act as is deemed “necessary and proper.”

Answer 15

Article 1, Section 8

Question 16

As part of Hamilton’s program, this first of three major reports issued during his tenure as Secretary of the treasury called for funding of the national debt and assumption of state debts.

Answer 16

First Report on Public Credit

Question 17

As part of Hamilton’s program, this called for the excise tax.

Answer 17

Second Report on Public Credit

Question 18

As part of Hamilton’s economic program, this called for the tariff. The principle ideas of this third report of Hamilton were later absorbed by Henry Clay as part of his “American System.”

Answer 18

Report on Manufactures

Question 19

This word means tending to drink too much alcohol.

Answer 19

Bibulous

Question 20

This 1791 uprising occurred as George Washington made the decision to tax “distilled spirits” (i.e. alcohol) N.B.: although Washington was criticized for a show of force that was comparable to “going after a fly with a cannonball”, his handling of the crisis illustrated that the federal government was a force with which to be reckoned and stood contrast to the reaction to Shay’s Rebellion of 1786 under the time of the Article of Confederation.

Answer 20

Whiskey Rebellion

Question 21

This father of Confederate general Robert E. Lee began his military career as a calvary officer in the Constitutional army, earning the nickname “Light-Horse Harry.”

Answer 21

Henry Lee

Question 22

Also known as “loose construction” this theory of Constitutional interpretation as espoused by Hamilton advocated empowering the federal government by allowing it flexibility to do what was deemed “necessary and proper” as baed on Article 1, Section 8

Answer 22

“Broad Construction”

Question 23

Also known as “literal interpretation,” this theory of Constitutional interpretation as espoused by Jefferson advocated reserving power to the states (people) that was not expressly given to the federal government as based on the Tenth Amendment.

Answer 23

“Strict Construction”

Question 24

He served as Secretary of the Treasury during the presidency of George Washington and was the c chief spokesperson for the principles and ideals of the Federalist Party.

Answer 24

Alexander Hamilton

Question 25

He served as Secretary of State during the presidency of George Washington and was the chief spokesperson for the principles and ideals of the Democratic-Republican party.

Answer 25

Thomas Jefferson