chapter 5 Flashcards
b (41 cards)
inagauration
The ceremony in which the president officially takes the oath of
office.
national debt
the total amount of money that a government owes to others.
bond
certificate that promises to repay the money loaned, plus interest,
Speculator
Someone who invests in a risky venture in the hope of making a large profit.
Protective tariff
Tax on imported goods to protect american products
Where was george washington sworn as president and why was this place chosen
New york city
First Capitol
What were the first 5 cabinet positions and who held those positions?-
Secretary of State- Thomas Jefferson
Secretary of Treasury- Alexander Hamilton
Secretary of war- Henery Knox
Attorney general-Edmund Randolph
postmaster general-Samuel Osgood
Who did Washington pick to be the first chief justice of the supreme court?-
john jay
Why was America in such a financial crisis early on?
America was in huge debt because of the revolution, we owed money to other countries, private citizens and wan veterens
WHat was the compromise that hamilton ade in 1790?
South agreed to be taxed a second time
In return the new capital would be built on the banks of the Potomac river. District of colombia
What was the first bank of the US?
It would be the supreme court of banks
Bank would collect taxes and give loans
Hamilton wanted the bank bc it gave all power to federal government
What is the whiskey rebellion and why is it significant?
Hamilton had to pay taxes to pay for debt
Raised taxes on poor farmers in pennsylvania taxed wiskey
Rebelion started in pennsylvania
Hamilton and washington lead an army to stop rebellion
Sinifiganct bc it shows that the federal government had the power over the states
Factions
Opposing groups within political parties
Unconstitutional
Not permitted by the constitution or violates the constitution
Democratic- Republins
Political party started by jefferson
Nicknamed republicans-small farmers , craft workers, southern plantation owners
Federalists
Political party stated by hamilton
Believed in strong federal government
Merchants and manufacturers fron new york and boston
Describe Alexander Hamilton’s characteristics
Born in caribbean
Grew up poor and woked his way up to money and power
Well dressed, energetic, brilliant, loved politics
Loved uper class
Describe Thomas Jefferson’s characteristics
Born in virginia into wealthy family
Tall, thin, spoke and dressed informally
Shy, not a great speaker
Great writer and brilliant mind
Believed in the rights of common men, supported middle class and poor
What did the two men feel about manufacturing and farming?
Hamilton wanted to model britain and wanted manufacturing, trade, and the growth of cities
Jefferson felt farmers were the backbone of america, he felt manufacturing favored only the rich and elite and took power away from people.
What were their beliefs about the power of the federal and state governments?
Hamilton wanted a strong federal government with absolute power to enforce law and the constitution.
Jefferson want a strong federal government but wanted more power for the states and the people
What were their opinions on the Constitution?
Jefferson
Had a strict interpretation of the constitution
If it doesn’t mention it, it cannot be done
Hamilton
Loose interpretation
If it does not say it cannot be done then it can
What did they feel about the war between Britain and France?
Jefferson
Felt france was our ally in the revolution and we gave our word to help them and they were fighting for liberty
Hamilton
Felt over time England was our natural ally with the same language and culture
What was the outcome of the election of 1796 and why was it significant?
John Adams defeated Jefferson.
It was significant because the president was a federalist and the vice president was Democratic-Republican.
Foreign policy
Actions and stands a nation takes in relation to other nations.