History-Chapter 8-Quiz Flashcards
What are some problems that could occur as a result of this debt problem?
inflation, taxes rising, war, publicly funded operations being shut down, disrespect from other countries
How did Washington react to the Whiskey Rebellion?
He sent in armed militia from the federal government.
inauguration
ceremony in which the president takes the oath of office
precedent
an example to be followed by others in the future
bond
certificate issued by a government for an amount of money that the government promises to pay back with interest
speculator
person who invests in a risky venture in the hope of making a large profit
tariff
tax on imported goods
Name people in Washington’s cabinet
Aleksander Hamilton
Thomas Jefferson
Henry Knox
Edmund Randolph
Alexander Hamilton was the Secretary of
the Treasury
Thomas Jefferson was the Secretary of
the State
Henry Knox was the Secretary of
War
Edmund was the
Attorney General
Describe Hamilton’s Financial Plan
Part 1: Paying the Debt
Part 2: National Bank
Part 3: High Tariff
What was the reason that the southern states agreed to support Hamilton’s economic plan?
The new capital would be built in the south.
Describe the difference between strict interpretation and loos interpretation of the constitution.
Strict allows for exactly and only what the Constitution states.
Loose allows for more leeway, inferring from Constitution more than it actually technically says.
The power to create a national bank was not really given to the federal government in the Constitution.
To raise money 1 taxed all 2 made and sold in the U.S.
- Congress
2. Whiskey
The tax on whiskey led to a blank that tested the strength of the new government.
revolt
Washington did what as a sign that armed revolt was unacceptable?
He sent the militia.
Vocab: Washington set the model for future presidents.
precedents
Vocab: Washington’s group of advisers included many well known leaders.
Cabinet
Vocab: The American government borrowed money by issuing certificates that promise to repay money loaned plus interest.
bonds
Vocab: One way for the government to repay its debts was to collect taxes that make imported goods more expensive than goods produced within a country.
tariffs
What problems could political parties create? What benefits could they bring?
Division of government, disagreements between powerful officials, hate and distrust among countrymen
Greater number of voices for important issues. Alliances
Republicans
Led by Thomas Jefferson Believed people should have political power Favored strong state government Emphasized agriculture Favored strict interpretation of Constitution Were pro-French Opposed national bank Opposed protective tariff