Vocab Unit 4.1 Flashcards
National Bank
Chartered by Congress to deal with the war debt and to put the government on sound financial footing. It was intended to help fund the government’s debt and issue currency notes.
- Fed funds would stimulate business and print strong, stable national currency
- Supported by the commercial and financial centers of the North and opposed by the agricultural South
Hamilton’s Financial Plan
Financial plan including a national bank, a tariff, and payment of the nation’s debt.
- Build national credit
- Whiskey tax
- Tariff on foreign goods to promote American businesses
Funding at par
Pay debt at face value - built national credit; favored wealthy
Judiciary Act of 1789
Law that set a number of justices on the Supreme Court and establish the district and appellate courts
Proclamation of Neutrality
Formal neutrality in the escalating conflict between England and France, enraged pro-French Jeffersonians
Jay’s Treaty
Unpopular, pro-British treaty that granted “most favored nation” status, but restricted US commercial access
- Averted war with GB
- Angered France because they did not get the trade concessions
Pinckney’s Treaty
With Spain; established southern boundary of US and secured free navigation of the Mississippi River and duty free trade in New Orleans
Treaty of Greenville
Treaty to negotiate peace between the US government and Indian tribes in the Old Northwest Territory and to obtain land cessions
Citizen Geneet
French minister arrived in South Carolina and disregarded Washington’s proclamation of neutrality; used Philadelphia’s port for a fleet of French privateers (private ships attacking British ships under a French license) Washington and the Cabinet requested Genet’s recall from France
Whiskey Rebellion
Farmers in southwestern Pennsylvania protested harshly against the Whiskey Tax -> Washington set a militia to western Pennsylvania and squash the uprising; Federalists supported.
Democratic-Republicans
Favored: rule by the people, strong state government, emphasis on agriculture, strict interpretation of the Constitution, French alliance, state banks, free trade.
Washington’s Farewell Address
Warned Americans against the danger of political parties, to remain neutral in foreign conflicts and to celebrate their achievements.
John Adams
(won against Jefferson) Federalist -> rule by the wealthy class, strong federal government, emphasis on manufacturing, loose interpretation of the Constitution, British alliance, National Bank, Protective tariffs.
XYZ Affair
Diplomatic conflict when US envoy was asked to pay a hefty bribe for the “privilege” of meeting with the French foreign minister -> “Quasi War” with France
Alien Acts
Gave federal government right to imprison and deport immigrants
Sedition Acts
Made it illegal to say, write, or publish anything negative about the government or its leaders
Thomas Jefferson
VP for John Adams; rule by informed masses, pro-French, economy should be rigid, minimal army
Virginia & Kentucky Resolutions
Statements secretly crafted by Jefferson and Madison for the legislatures of Kentucky and Virginia that states could NULLIFY national legislation they deemed unconstitutional.