Early Republic Flashcards
What were Washington’s biggest accomplishments?
- set up a functioning government
- improved the economy
- avoided war
- removed Britain from the NW territory
Define precedent
Example to be followed by others in the future
Who were the members of the first Cabinet?
President George Washington VP John Adams Secretary of State T Jefferson Secretary of treasury A Hamilton Secretary of war Henry Knox Attorney General Edmund Randolph Chief Justice John Jay Speech Writer James Madison
Define bonds
Certificate for a certain amount of money that the government promises to pay back with interest. The point was to support the war.
Define speculators
People who buy bonds from bond holders for less than they are worth to make a profit when they turn them in
How much war debt did the US have in bonds?
$52 million
Part 1 of Hamilton’s financial plan: what is it, who disliked it, did it pass?
US government would take on all state debts. The south disliked it because they paid their debts. They only agreed if the capital was moved south by the Potomac River. It passed.
Part 2 of Hamilton’s financial plan: what is it, who disliked it, did it pass?
Charter a national bank for depositing government funds. Jefferson disliked because it wasn’t explicitly stated in the Constitution. It passed.
Part 3 of Hamilton’s financial plan: what is it, who disliked it, did it pass?
Impose a high tax on imports. South disliked because it helped the North and hurt the South. It didn’t pass.
Jefferson vs Hamilton
Jefferson had a strict interpretation of the Constitution. Hamilton had a loose interpretation. Congress has powers about things not directly mentioned.
When was the National Bank established?
1791
How was the US involved in the French Revolution?
By 1789, France was in the Reign of terror; thousands were executed. France was simultaneously at war with Britain. Both countries wanted American help but they stayed neutral.
Define impressment
Britain kidnapped US ships and forced the sailors in the British navy.
What is Jay’s Treaty?
Washington sent Jay to negotiate with Britain about impressment. Britain agreed to leave NW territory and expand trade, but continued impressment. Because of this, it was a flop.
What was the Whiskey Rebellion?
Congress taxed whiskey. In 1794, Corn farmers in West Pennsylvania burned the Tax collector’s home and closed the courts.
3 things to know about factions
Hated by GWash.
Framers didn’t expect parties.
Jefferson led the Democratic Republicans and Hamilton led the Federalists.