Early Republic Flashcards
What were the key components of Hamilton’s Financial Plan?
Establish National Bank, pay off war debt, pass whiskey tax, protective tariff
Hamilton’s plan aimed to stabilize the new economy of the United States.
What warning did Washington give in his Farewell Address?
Warned against having permanent foreign alliances and creating political parties
Washington emphasized the dangers of divisive politics and entangling foreign relationships.
Who led the Federalist Party and what were its main goals?
Alexander Hamilton; goals: stronger federal government, industrial economy, national bank
The Federalist Party supported a strong central government and economic growth through industry.
Who led the Democratic-Republican Party and what were its main goals?
Thomas Jefferson; goals: less federal government power, agricultural economy, state banks
The Democratic-Republican Party favored states’ rights and an economy based on agriculture.
What landmark decision did Marbury v. Madison establish?
Established judicial review, allowing the Supreme Court to declare laws unconstitutional
This case was pivotal in defining the balance of power among the branches of government.
What did Gibbons v. Ogden establish regarding interstate trade?
Established federal rule over interstate trade
This case reinforced the federal government’s authority to regulate commerce between states.
What was the significance of the Louisiana Purchase in 1803?
Doubled the size of the U.S.; gained fertile farmland and access to the Mississippi River
The purchase was a major expansion of U.S. territory and resources.
What was one of the main causes of the War of 1812?
British impressment of U.S. sailors
This issue contributed to rising tensions between the U.S. and Britain.
What did the Monroe Doctrine prevent?
Prevented European colonization of land in the Western Hemisphere
The Monroe Doctrine was a key aspect of U.S. foreign policy in the 19th century.
