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Definition
- Leader of Federalists - loose constructionalist
- Hamilton's financial plan to fix eco sitch
- National bank
- Funding at par- paying things off at face value regardless of depreciation using government bonds
- Excise taxes on whiskey and such and tariffs
- Federal assumption of states' debts
- Strong central gov't
- Made the debt into a blessing for vitalizing financial system and unifying country
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- 4 Acts
- Changed citizenship from 5 years to 14
- In times of peacethe prezcould deport foreigners whom he thought were dangerous
- In times of war, the prez could imprison them
- Sedition: anyone who spoke out against the givet would be jailed
- dem-repubs didn't like becausea lot f their supporters were foreigners
- Sedition violated bill of rights
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Term
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Definition
- Aham suggested it
- The fed govt would assume state debt
- unpop in states like VA who hadsmall debts
- Pop in states like MA that had huge debts
- Deal with TJeff- assumption in exhange for capital on poptomac
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Term
Bank of the United States |
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Definition
- Proposed by AHam
- Repubs thought it was unconstitutional-- the constitution did not provide for such a financial octopis
- Powerful priv instituation of which govt would be major stockholder
- fed treasury would deposit surplus monies
- fed funds would remain in circulation and stimulate business
- Print paper money to provide natl currency
- to justify it, AHam used necessary and proper clause (elastic clause)
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Term
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- 10 amendments
- added bc antifeds only signed conctitution bc they thought there would be amendments
- Jmad drafted them
- adopted 1791
- 10th amendement--all affairs not covered would go to state
- made tuings go in the antifed direction
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Term
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Definition
- GW created it
- Needed more opinions
- intended system would that the advisors would submit their opinions in wriitng but it took too long
- 1st cabinet--
- sec of stat- TJeff
- sec of wa henry knox
- sec of treasutr-- aham
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Term
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Definition
- Ambassador sent from Fr
- Recruited armies to invade sp FL and Louisiana and Canada
- went agst govt's wishes
- even TJeff and JMad weren't haopy w his conduct
- Thought neutrality thing wasn't supported by ppl
- was eventually replaced
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Term
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Definition
- Repub theory that the forming of the fed govt was a compact bw the original states, so the states should have more pwr than the fed govt
- illustrated in KY and VA resolutions
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Term
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- AHam's financial plan
- Taxed things like whiskey
- unpop by the repubs
- Caused the whiskey rebellio
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- GW's parting message to the ppl
- warned agst permanent foreign entanglemens and political parties
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Term
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- Elitists
- Thought that the aristocrats were theonly ones who should have a say in govt
- strong central govt
- merchants, manufacturers, shippers
- wanted to expand commercial interests
- pro-GB
- Typically in the N
- AHam=leader
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Term
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Definition
- Was going on after the AmRev
- Repubs supported it; Feds didn't
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Term
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Definition
- Part of AHam's financial plan
- govt would pay off all debts at face value using war bonds
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Hamilton's Financial Plan |
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Definition
- Funding at par-- paying off all debts at face value using govt bonds
- Creating a natl bank
- Assumption-- fed govt wouldpay off states' debts
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- john jay was sent to england to negotiate with GB to avoid a war, but had to make srs concessions
- Repubs not happy
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