The First President

People who buy items at low prices in the hope that the value will rise and can sell the items for a profit?

Speculators

What did farmers want from the new national government?

*fair tax laws *the right to settle western lands *No inference from the government

What was the function of the bank of the United States?

1. To provide a safe place for the federal governments money. 2. To write loans to the government 3. To stabilize

What did Hamilton think a strong central government should do?

Balance power between the masses and the wealthy.

The country's first national bank

Bank of United States

Certificates of debt that carry a promise to buy back the bonds at a higher price

Bonds

A body of electors who represent the people's vote in choosing the president?

Electoral

How might the idea of republican motherhood have influenced women in the new nation?

Encouraged them to take a greater interest in education,politics, and social concerns.

The first president of the United States?

George Washington

What economic problem did the young nation face, and How did Alexander Hamilton propose to solve it?

High national debt He wanted to pay the foreign debt immediately and gradually pay back the full value of bonds.

Why did Jefferson oppose paying the full value of bonds?

It would reward speculators and cheat the original bond holders who sold at low prices.

How did Jefferson's and Hamilton's views on how to promote economic growth differ?

Jefferson- Promote Agriculture and keep tariffs Hamilton-promote manufacturing and business and pass higher tariffs

This act created three levels of federal courts and defined their powers and relationship to the state courts

Judiciary act of 1789

Means that the federal government can take reasonable actions that the constitution does not specifically says it can do?

Loose Construction

What was daily life like in early national America?

Most people lived in rural area and farmed;some lived and worked in town; most cities were small,but the nation did have a few large cities such as New York

Money owed by the United States

National debt

What was the purpose of the Judiciary Act of 1789?

Set 3 levels of federal count defined their powers.

People who favor this think that the federal government should do only what the constitution specifically says it can do?

Strict Construction

by what process was George Washington elected president?

The 11 states that passed the Constitution selected electors,who voted for Washington.

How did Hamilton's plan for a national bank address state' rights?

The paramount problem facing Hamilton was a huge national debt. He proposed that the government assume the entire debt of the federal government and the states. His plan was to retire the old depreciated obligations by borrowing new money at a lower interest rate.

How were federal judges selected?

The president nominated them,and congress either approved.

Why do you think Washington chose Jefferson and Hamilton for important cabinet positions?

They were experienced government leaders.

How did cabinet members and the president interact?

cabinets members advised the president.

An action or decision that later serves as an example?

precedent