Federalist Party/Alexander Hamilton Flashcards
1
Q
Who were their supporters?
A
- They lived along eastern seaboard and were wealthy merchants
- well-educated people who lived in the city
2
Q
What did they support regarding the constitution and government?
A
- They supported a stronger central government w/a weak state government
- loose interpretation of the constitution: what the Constitution didn’t explicitly forbid, it allowed
3
Q
Who did they support regarding relations and why?
A
supported fixing the relationship between the United States and Britain for trade reasons
4
Q
Who were they ruled by?
A
ruled by “Best people” or the well educated and rich
5
Q
What did they distrust?
A
Democracy
6
Q
What side were they on regarding protective tariffs?
A
They were for protective tariffs
7
Q
What did they view the reign of terror as?
A
an example of the dangers of “Mobocracy”
8
Q
What were Hamiltons objectives?
A
- to support national credit
- pay off debts in full
9
Q
What did he want? (banking)
A
He wanted a U.S bank and wanted the Bank of England as his model
10
Q
What did he propose for the Bank of U.S?
A
- government would be the main owner
- The government deposits money from the federal treasury for security.
- Aimed to boost the economy by keeping federal money in circulation
- central government would have a secure place for funds
- Has the ability to print paper money and establish a robust national currency.
