Section 1 Flashcards
Inauguration
A ceremony in which the President takes oath of office
Precedent
an example to be followed by others in the future
bond
a certificate by a government for an amount of money that the government promises to pay back with interest
speculator
people who invest in a risky venture in the hope of making a large prophet
unconstitutional
contrary to what is permitted by the constitution
tariff
A tax on imported goods
How did Washington’s inauguration reflect the nation’s deep respect for him?
Because his actions would set an example to be followed by other presidents in the future
What are the top posts in the executive branch and judiciary at this time? Define each position and name the first person to occupy each post.
e- 75 post offices, a few clerks, and a small army of 672 soldiers. The people to occupy these posts are the entire federal government. j- supreme court of 6 justices 3 circuit courts and 13 district courts. The people that occupy these posts are washington, and John Jay.
What was the nation’s first economic crisis? How was it further complicated?
The first crisis was that the nation was in debt of $52,000,000. They decided to tax the people because they wanted to make the citizens pay for the debt.
What was Hamilton’s plan to solve the crisis? Why was it controversial?
He had 3 steps
1) The U.S government would fully assume, or agree to pay, all federal and state debts.
2) The U.S government would charter a national bank for depositing government funds.
3) The government would impose a high tax on goods imported into the country. The debate over the bank of the United states
The United states in 1789 was ____ of the size it is today
1/4
Importance of Washington, Adams & Jefferson
They determined how the government would work
National Bank was set up in 1791 to issue _______ _______ and make loans to farmers and business.
paper money
First time the government sent troops to fight american citizens
The whiskey rebellion
Washingtons challenges-
- organize the federal government
- Develop a plan to pay off the governments war debts
- Responding to the Whiskey rebellion
