Unit 6 Flashcards
(54 cards)
What is the inauguration?
The ceremony in which the president officially takes the oath of office.
What is national debt?
The total amount of money that a government owes to others.
What is a bond?
A certificate that promises to repay the money loaned plus interest on a certain date.
What is a speculator?
Someone who invests in a risky venture in the hope of making a large profit.
What is a protective tariff?
A tariff meant to protect local industry from foreign competition.
Where was George Washington sworn in as president?
New York City.
Why was New York City chosen as the location for Washington’s inauguration?
It was the first capital.
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: Henry 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 financial crisis early on?
America was in huge debt because of the revolution, we owe money to other countries, private citizens, and war veterans.
What was the compromise that Hamilton made in 1790?
Congress voted to repay state debts and to build a new capital city.
What agreement did the South make regarding taxes in Hamilton’s compromise?
The South agreed to be taxed a second time because they already paid their taxes before.
Where would the new capital be built according to Hamilton’s compromise?
On the banks of the Potomac River, District of Columbia.
What is the First Bank of the United States?
The first national bank
Why did Hamilton want the First Bank of the United States?
It gave all money power to the federal government.
What was the Whiskey Rebellion?
A rebellion that started in Pennsylvania due to raised taxes on whiskey.
Why is the Whiskey Rebellion significant?
It shows that the federal government had the power over the states.
What is foreign policy?
Actions and stands a nation takes in relation to other nations.
What was the Bastille?
A huge fortress used as a prison, marking the start of the French Revolution.
How did the American Revolution help cause the French Revolution?
The French learned about fighting for liberty during the American Revolution.
What was Jefferson’s view on the French Revolution?
He felt France helped us during the American Revolution, so we should help them.
What was Hamilton’s view on the French Revolution?
He felt our treaty ended with the death of Louis XVI.
What position did America take on the French Revolution?
America stayed neutral in the new war with France and England.
How did France and Britain treat U.S. shipping rights?
Both attacked U.S. merchant ships, and Britain captured U.S. sailors.
