First Presidents

How did Hamilton think a National Bank would benefit the US?

-create credit -help expand the country -a place to store revenue -create paper money

When did George Washington become president? What political party was he affiliated with?

1789; he did not affiliate with one political party

What is separation of powers?

3 branches of government, all serve different functions

What is a protective tariff?

A tax added to the price of a good coming from another country to make that good more expensive for the domestic consumer.

Who was the first Secretary of the Treasury?

Alexander Hamilton

What vision did Democratic-Republicans have for the future of America?

An agricultural society with limited trade

What is limited government?

Constitution outlines the powers that government does and does not have

What is checks and balances?

Each branch has some power over the other branches to ensure one branch does not become to powerful

Who was the first President of the US?

George Washington

Who was the 2nd President of the US? What political party was he affiliated with?

John Adams; Federalist Party

What is federalism?

Power is shared between central, states, and local governments.

Who did the Federalists wish to become allies with and why?

England; for trade

What are the 5 precedents set by George Washington as president?

1. Cabinet 2. Federal court system 3. 2 term limit 4. farewell address 5. title of Mr. President

What were the Alien and Sedition Acts?

1. Made it harder for foreigners to become citizens (14 year residency requirement). 2. Didn't allow people to talk against the government

What were Hamilton's 3 financial policies?

1. National Bank 2. Pay off debt 3. Need credit

What 2 things did Washington warn against in his Farewell Address?

1. Permanent alliances 2. political parties

How was the Revolutionary War debt debate between Hamilton and Jefferson settled?

A National Bank was created. The capital was moved from New York to D.C.

What was Jefferson's plan for reducing the debt caused by the Revolutionary War?

Did NOT support a National Bank; thought the South should not have to pay off the debt of the North

Why did Washington remain neutral in the war between England and France?

He did not want to enter a permanent alliance.

Why did Jefferson disagree with Hamilton's views about a National Bank?

It would limit individual's rights. It was unconstitutional.

What is individual rights?

The people are guaranteed rights (9 and 10th amendments)

What is republicanism?

The people have a say in government. Citizens vote for people who make choices on their behalf.

Why did the US wait until 1789 to elect their first President?

The states had to adopt a Constitution. They had to create a procedure for electing the President.

What did President Washington decide in the debate about the national bank?

They created a national bank to pay off the country's debt through the bank. The compromise was to move the nation's capital from New York to D.C.

Why did farmers organize the Whiskey Rebellion?

They did not want the US government to bring acting like the British government

Why were the Democratic-Republicans against the Alien and Sedition Acts?

They felt it limited the right to freedom of speech

What was Hamilton's plan for reducing the debt caused by the Revolutionary War?

To create a National Bank that would pay off both state and federal debt

What is popular sovereignty?

the power of the government comes from the people themselves