National Bank
Created in 1791, this institution aimed to stabilize the national economy by managing federal debt and issuing a uniform currency, reflecting Alexander Hamilton’s vision for stronger federal authority.
What is the First Bank of the United States?
As the nation’s first president, George Washington established this lasting precedent by forming a group of advisers from different regions and viewpoints to help lead the executive branch.
What is the presidential Cabinet?
Issued in 1793, this declaration formally stated that the United States would not take sides in the conflict between Britain and France, setting a key foreign policy precedent for the young nation.
What is the Neutrality Proclamation?
Jay’s Treaty, negotiated to ease tensions with Britain, was signed during the term of this first president of the United States.
Who is George Washington?
Democratic-Republicans strictly opposed this Hamiltonian financial institution, arguing it was unconstitutional and favored wealthy elites over ordinary citizens.
What is the Bank of the United States (National Bank)?
This Secretary of the Treasury proposed the creation of the First National Bank as part of his plan to stabilize the nation’s finances and strengthen the federal government.
Who is Alexander Hamilton?
Washington expanded the authority of the federal government when he used military force to suppress this domestic rebellion, demonstrating the Constitution’s ability to enforce federal law.
What is the Whiskey Rebellion?
Washington issued the Neutrality Proclamation because he believed the United States lacked this, making involvement in European wars too risky for the fledgling nation.
What is military and economic strength?
As part of Jay’s Treaty, the United States agreed to pay Revolutionary War debts owed to this group, angering many Americans who felt Britain had already been defeated.
Who are British merchants?
During the French Revolution, Democratic-Republicans generally supported this European nation, seeing it as an ally of the United States and a symbol of republican ideals.
What is France?
Alexander Hamilton argued the National Bank was constitutional by invoking this clause, which allowed Congress to exercise implied powers beyond those explicitly listed in the Constitution.
What is the Necessary and Proper Clause?
Although Washington warned against them, debates during his presidency helped accelerate the formation of these political groups, shaping the nation’s early political system.
What are political parties (Federalists and Democratic-Republicans)?
This group criticized the Neutrality Proclamation, arguing that the president had overstepped his constitutional authority by unilaterally making foreign policy decisions.
Who are the Democratic-Republicans?
The controversy over Jay’s Treaty helped fuel the rise of this political party, which opposed the Federalists and criticized the treaty for favoring Britain over France.
What is the Democratic-Republican Party?
This political party, led by Alexander Hamilton, supported a strong central government, a national bank, and closer ties with Britain.
Who are the Federalists?
This Founding Father opposed the National Bank because he argued it was unconstitutional, expanded federal power beyond its limits, and primarily benefited wealthy elites rather than ordinary farmers.
Who is Thomas Jefferson?
George Washington adopted this foreign policy approach to protect the young nation from European wars, believing the United States needed time to strengthen its economy, unity, and government.
What is neutrality?
This man warned Americans to avoid permanent alliances with foreign nations, a principle he argued was essential for protecting the young republic’s safety and independence.
What is George Washington’s Farewell Address?
Many Americans opposed Jay’s Treaty in 1794 because they felt it gave too many advantages to this country while failing to fully protect U.S. trade.
Who is Britain?
The primary leader of the Democratic-Republicans and first Secretary of State favored an agrarian society.
Who was Thomas Jefferson?
This political group opposed the National Bank, claiming it favored commercial elites and threatened states’ rights and an agrarian republic.
Who are the Democratic-Republicans?
George Washington’s decision to step down after two terms.
What is the term limit precedent set by George Washington?
Americans opposed Washington’s Neutrality Proclamation because they believed the United States should honor its alliance with this country.
Who are supporters of France?
Although designed to prevent war with Britain, this European country saw Jay’s Treaty as a betrayal of its own alliance with the United States.
What is France?
Federalists often defended the creation of the National Bank by supporting this approach to the Constitution, which allows Congress to exercise powers not explicitly listed in the document.
What is a loose interpretation of the Constitution?