First Test Flashcards
What did the farmers in western PA oppose to?
Tax on whiskey
The whiskey rebellion was staged by who?
Farmers in western PA
What did tax collectors do when the farmers refused to pay it?
Met by armed resistance
Western PA appeared to be in a state of….
Rebellion
What was the first serious test of the new govenrners ability to enforce laws?
The whiskey rebellion
Washington and Hamilton saw the whiskey rebellion as an opera unity to…
Demonstrate the powers if the US government
In result of the rebellion, Washington raised an army of…
12,000
What did washingtons army demonstrate to the world?
The ability if the federal government to force it’s citizens to obey the law
Hamiltonian goal as secretary of treasury was to put the us on a……
Sound economic footing
In Hamiltonian program, he proposed:
1) The federal government pay off all existing debt to its foreign and domestic creators
2) domestic debt would be paid through a process called fundig
In Hamiltonian plan, who would pay off all debt to its foreign and domestic creators?
The federal government
What would domestic debt be paid through?
Funding
Hamilton propose the government issued new —— in exchange for old ones
Bonds
Who were old bonds issued by?
The confederate congress
The new bonds and old bonds had the same value. Why did this upset the people?
many people sold their bonds during hard times at a fraction of their original value
Who bought the bonds the struggling people sold?
Wealthy speculators
Many wealthy speculators were….
Wealthy northerners who would make a ton of money under Hamiltonian funding policy
Hamiltonian funding policy supported…
Wealthy northern speculators
Hamilton wanted to support the rich people because he believed that the best way to make a new government was to get….
Rich, powerful people behind it
What would the federal government assume from the states?
Their debts
Why did Virginia not like the federal government taking on the states debt?
Virginia payed off most of its debts and didn’t want to pick up other states tab