Hamilton's Financial Plan
What is a precedent?
Setting an example for future people to follow
What is the revolution of 1800?
First peaceful transfer of power
Went from one political party to another
Why did Hamilton need to create a financial plan following the American Revolution?
War debt
How did Washington stop the Whiskey Rebellion?
He sent the army (domestic force)
Thomas Jefferson believed in a "lassaiz faire" economy. What does this mean?
The government should do less and not be involved in economic activities
What kind of bank did Hamilton want to create?
National Bank
What were BOTH of George Washington's warnings in his Farewell Address?
1) Don't create Political parties
2) Don't get into permanent foreign alliances
What is the name of the conflict where John Adams refused a bribe from France to stop capturing U.S. ships?
XYZ Affair
Louisianna Purchase did what to the size of the U.S.?
Doubled it
War Hawks
What did Hamilton want to tax to raise money?
Whiskey
What did the Federalists believe?
Strong federal government
Federal government should do MORE
What is the alien act?
President has the power to deport "dangerous" foreigners
The British started impressing our soldiers, eventually leading to the War of 1812. What is impressment?
Capturing our sailors and forcing them to join the British navy.
Which treaty ended the War of 1812?
Treaty of Ghent
Hamilton wanted to create "protective tariffs" to raise money. What is a protective tariff?
Tax on foreign goods
What did the Anti-Federalists believe?
Stronger state governments
Federal government should do less
What is the Sedition Act?
People were not allowed to criticize the government
What is the Embargo Act, passed by Thomas Jefferson?
Trade ban
What was an effect of the War of 1812 on the US?
Global respect
Patriotism
Increased manufactering
What is the Monroe Doctrine?
US will stay neutral as long as European countriesdo not try to colonize in the Americas.
Stay out of the American or else we will go to war