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15 Cards in this Set
- Front
- Back
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How many department were in Wahington's original cabnit
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4: Department of state, treasury, war. And attorney general
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Who was head of Department of State and what was his main conncern?
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Jefferson: foreign affairs
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Who was head of the department of treasury? what was his main concern?
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Hamilton: get nation out of debt
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Who was head of the departemtn of war? wat was his main concern?
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Henry Knox: Handle country's military
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Who was Attorney General?
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Edmund Randolph
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Wat was done to organizxe a judicial system?
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The Judiciary Act of 1789
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What kinds of debts did they have to pay off
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Foreign debt: money owed to countries
Domestic Debt: $ owed to soldiers, private citizens, and state debt. |
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What was Hamilton's Plan?
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-Pay off debt
-Funding of domestique debts -assumes state debts -Establish a national bank -Levy on excise tax |
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How does Hamilton want to pay off the debts?
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Foreign portion payed off normally: domestic are harder because of the funding
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What was wrong with Hamilton's idea to exchange goverment bonds to fund payment?
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It was unfair, speculators make a lot of money. But he doesn't mind-- he wants the rich to back up the goverment
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Why are the states mad about Hamilton's Bond idea?
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The south had already payed off most of their debts and they didn't want to pay of the north's debts. To calm them down the capital was moved to Washington from Philly.
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Why did Hamilton want a National Bank?
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Make all money uniform; handle goverment's money; Involving the rich 80/20; help create an alligence to the union
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What is the problem with Hamilton's Nation Bank plan?
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UNFAIR TO SOTHERN FARMERS; FAVORS THE RICH; RICH INVESTORS WILL MAKE MONEY OF THE NATION'S WEALTH. CONSTITUTION DOESN'T CALL FOR ONE.
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What views did they both have on the constitution?
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Hamilton= loose; jefferson= strict
Washington sided with Hamilton NATIONAL BANK IS CREATED!! |
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Taxes after national bank is created?
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Protective tarrifs
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