Paying Debt
What was the most pressing need of the first government?
Paying off war beds from the Revolutio.
Why did critics think Hamiltons plan to be unfair?
They thought it was unfair to the original bond purchasers who, fearing they would never be repaid, sold bonds at low price.
What created the national bank in 1791?
20-year charter
Who living here are not citizen?
Aliens
What event began in Europe 1789?
French Revolution
What was the Tarif Act?
A tarif which set taxes on certain imported items.
Where was the capital built near?
Potomac River
Powered listed in Constitution are called what?
Enumerated powers
What act banned inciting a rebellion?
Sedition Act
What proclamation kept America officially neutral?
Proclamation of Neutrality
What did the Articles of Confederation Congress issue to fund the Revolutionary War?
Bonds, which are paper notes promising to repay money with interest after a certain length of time.
What did the bank notes serve as?
National currency
What are unlisted but necessary powers called?
Implied powers
Who wrote Kentucky and Virginia Resolutions?
Jefferson and Madison
What status did Britain give America?
Most-favored nation
When was the Tarif Act passed?
1789
Which state kept war debt?
South Carolina
What Tex enraged western Pennsylvania farmers?
Whiskey tax
What theory lets states interpose actions?
Interposition
What river could Americans now navigate?
Mississippi
Why redeem war bonds at full value?
To build trust with future leaders.
When was the debt compromise reached?
July 1790
Who lead troops against rebellion?
Washington
What theory declares illegal laws invalid?
Nullification
What address warned against political parties?
Farewell Adress