Highness" or "Mr. Excellency" but some people said that if he was called that he would be like a king. Later on "Mr. President" was agreed on. During Washington's presidency Alexander Hamilton had a financial plan. This first of his plan was 3 steps. 1st step was to pay of the war debt, 2nd step was to raise government taxes, the 3rd and final step was to create a national bank. Next he had an idea to sell tariffs. He though selling tariffs was an easy way to make money for the government. Last he wanted a national bank to be created so there could be a safe place to keep all of the money. The second president John Adams, was a Federalist. He was a federalist because he thought that having a strong central government is a very good idea. During Adams presidency political parties were created. There were 2 political parties, Federalists and Democratic Republicans. The Federalists believed in a strong central while the Democratic Republicans believed in a limited central government. There were many debates overall against Federalists and Democratic Republicans. During this time period the Democratic Republicans were writing things about John Adams in …show more content…
He believed that we should have a limited central government. One of the first things Jefferson did was that he made financial changes to Federalists and he took out the Alien and Sedition Acts. A court case named Marbury v. Madison led to the invention of judicial review. The case was between Adams’ last minute appointment, Marbury. Marbury was supposed to take the place of James Madison. This case went to the Supreme Court and Marbury was sued as unconstitutional. Even though the Supreme Court denied Marbury they came up with judicial review. Judicial review states that the Supreme Court has the final say of interpreting the constitution. One of the main things during Jefferson’s presidency was the Embargo Act of 1807. This act stated that American ships were no longer allowed to sail to foreign ports to trade. This affected America very badly. This act was bad because since it didn’t allow America to trade with foreign ports that means merchants had no one to trade with so they couldn’t make money for the nation. One of the main ways America was making money was through trade so this made America’s economy drop down a