Chapter 8 Flashcards
the nation’s temporary capital
NYC
first secretary of state
Thomas Jefferson
first secretary of the treasury
Alexander Hamilton
secretary of way
Henry Knox
attorney general
Edmund Randolph
postmaster general
Samuel Osgood
became and established tradition by the time Washington left office
President’s Cabinet
set up the federal court system
Judiciary Act of 1789
the first chief justice of the Supreme Court
John Jay
was tasked with the rebuilding of the nation’s financial structure
Alexander Hamilton
three types of debt
foreign
state
domestic
the foreign debt
$12 million
domestic debt
$40 million
state debt
$21 million
the Bank of the united States was chartered for ______ years with a capital stock of $________________
20 years
$10 million
paper money that could be issued by the bank which would be payable on demand, in gold and silver coin
bank notes
name for the strict interpretation of the Constitution which Jefferson argued for
strict construction
name for loose interpretation of the Constitution which Hamilton argued for
loose construction
the first tariff was primarily to raise
revenue
tariffs high enough to discourage the importation of certain products and thereby to aid the development of AMerican manufacturing
protective tariffs
a tax on a product produced, sold, and consumed within the home country
excise tax
a system based on tens
decimal system
established a mint and provided for the coinage of gold, silver, and copper
Mint Act of 1792
stood for loose construction of the Constitution
Federalists