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20 Cards in this Set

  • Front
  • Back
tax
tariff
a 1794 protest over a tax on all liquor made and sold in the United States
Whiskey Rebellion
the ceremony in which the President officially takes the oath of office
inauguration
someone who invests in a risky venture in the hope of making a large profit
speculator
group of officials who head government departments and advise the President
Cabinet
bank set up in 1791 to hold government deposits, to issue paper money to pay government bills, and to make loans to farmers and businesses
Bank of the United States
certificate that promises to repay the money loaned, plus interest, on a certain date
bond
an act or a decision that sets an example for others to follow
precedent
the total amount of money that a government owes to others
national debt
a 1789 law that created the structure of the Supreme Court and set up a system of district courts and circuit courts for the nation
Judiciary Act
1.decided not to run for a 3rd term
2.chose well-known leaders to serve his cabinet
3.named John Jay the 1st Chief Justice of the U.S.
George Washington
1.among his problems - large national debt
2.called for government to repay both federal and state debts
3.wanted government to buy all the bonds issued by both the national and state government
4.proposed compromise = support the goal that national capitol should be located in south
Alexander Hamilton
1.led opposition against Hamilton's plan
2.thought the U.S. should pay all debts full
3.led fight against other part of Hamilton's plan = opposed Hamilton's plan
James Madison
John Jay was appointed the..
first Chief Justice of the Supreme Court
the five departments of the President's Cabinet are...
1. State Department
2. Treasury Department
3. War Department
4. Office of the Attorney General
5. Office of the Postmaster General
the five departments of the
Washington's Cabinet included...
1. Thomas Jefferson as Secretary of State;
2. Alexander Hamilton as Secretary of the Treasury;
3. Henry Knox as Secretary of War;
4. Edmund Randolph as Attorney General;
5. Samuel Osgood as Postmaster General
As Secretary of Treasury, Alexander Hamilton wanted...
to put the nation's finances on a firm footing
When Alexander Hamilton Became Secretary of State he wanted to make sure...
that all debts were paid
name one thing Alexander Hamilton wanted to accomplish
1. He wanted to buy the government's old bonds and issue new bonds
2. Hamilton wanted the national government to pay off debts owed by states
Madison argued that speculators should not...
be paid full value for the bonds.