Unit 3: The Early Republic (1789-1824) Flashcards
Washington - Monroe presidencies, War of 1812
Hamilton’s Economic Plan - all elements
Hamilton’s endorsement of free market capitalism brought about his ideas of: Protective Tariffs, 1st BUS, the assumption of state debts, promotion of manufacturing, and Excise Taxes
Hamilton’s Economic Plan - Report on Public Credit
in 1770-71, sold government bonds to pay interest on debt and made national government assume state debt
assumption of debt was controversial b/c northern states had more debt than southern states
Hamilton’s Economic Plan - National Bank/BUS
National Bank established in Philadelphia in 1790s to hold government money and pay its debts, give loans to the national government and state banks, and regulate state paper money distribution
North (Hamilton) argued good b/c Constitution implied the powers, more money in circulation and a safe place for government cash, but South (Jefferson) argued bad because it was unconstitutional explicitly and enabled plutocratic control over Congress by wealthy investors
Hamilton won and paved the way for > exec economic powers
Hamilton’s Economic Plan - Report on Manufacturers
December 1791 report encouraged the government to be more pro-manufacturing: (more) tariffs on Britain, incentives for domestic industry, and gov funded transportation development
This increased foreign investment BUT
lots of backlash from agricultural Southerners (Jefferson + Madison) because they thought capitalism undermined democracy
Hamilton’s Economic Plan - Protective Tariff
Hamilton put tariffs (import taxes) to benefit domestic producers and increase already flourishing economic independence from Great Britain
Hamilton’s Economic Plan - Excise Tax/Whiskey Tax
Hamilton put big excise (product) taxes (25%!!) on salt, sugar, and liquor. This brought in a lot of revenue at the cost of lower class resentment.
FEDERALISTS vs Democratic-Republicans
Federalists…
feared democracy, as it threatened the political powers of the well-educated elite.
supported Great Britain because they benefited the US economically, even if that involved negotiating with their former oppressors.
supported manufacturing because they were largely from New England, where industry was prominent.
advocated for a loose interpretation of the Constitution (Elastic Clause), as it allowed them to expand national government power.
Federalists vs DEMOCRATIC-REPUBLICANS
Dem-Republicans…
believed in the voice of the people and democracy as a whole.
supported France because they were rebelling against tyranny in their Revolution.
supported agriculture because they were largely from the South, where plantations were prominent.
advocated for a strict interpretation of the Constitution (10th Amendment), as it limited national government power and allowed them to expand states’ rights and powers.
Proclamation of Neutrality
issued by Washington in April 1793 to not take sides in the GB vs France war
America wanted to remain neutral to protect the American export economy
Jay’s Treaty
1794 US-GB agreement:
America accepted anti-French maritime policies, British as trading priority, and no compensation for escaped slaves
in exchange, the British evacuated all forts in America, compensated US for captured ships, and allowed limited trade between America and the West Indies sugar colonies
deepened the divide between Feds and Dem-Reps: Dem-Reps thought it undermined the Constitution’s hostility towards British tyranny
Whiskey Rebellion
incited by working men upset about Hamilton’s 25% liquor tax
in summer 1794, 1st big domestic infight after the Constitution
Washington and his army intimidated the rebels in a show of nat gov pwr at the cost of rebels becoming Democratic-Republicans
Pinckney’s Treaty
in 1795, Thomas Pinckney negotiated with Spain to accept American southern borders as just north of the Gulf of Mexico, allowing American Mississippi River trade to Spanish New Orleans
this increased trade fervor
Washington’s Farewell Address
called for abandonment of political parties (never upheld) and permanent foreign alliances (upheld until 1900s)
Quasi-War
French backlash to Jay’s Treaty led to increased American ship capture - the Adams Administration was engaged in a quasi-war. Ended with the Convention of 1800, which dropped demands for captured ship repayment in exchange for ending the American-French
XYZ Affair
During the Quasi-War, Adams sent diplomats to France to negotiate, but the French kidnapped them and demanded a big bribe to begin talks
this increased American hostility towards the French and calls for war - from both Feds and Dem-Reps
Alien and Sedition Acts
1798 acts that vastly expanded exec powers while restricting the freedoms and rights of immigrants and opponents of adams admin
John Adams supported these, which damaged his reputation and increased the importance of the 1800 election
Kentucky and Virginia Resolutions
drafted by Jefferson and Madison in 1798; declared the Alien and Sedition Acts unconstitutional
“Revolution” (Election) of 1800
The candidates included Fed. John Adams (lost b/c low rep), DR Aaron Burr and DR Thomas Jefferson. Jeff + Burr tied, and the House of Representatives elected Jefferson to office.
Before Adams left, he instituted the Judiciary Act of 1801.