Paying debt
In 1789, who did the United States owe money to?
American citizens and foreign lenders
What did the Critics not like about Hamiltons plan?
That it was unfair to the original bond purchases
What made the Congress divide into opposing groups?
What did Washington do to avoid another conflict?
He sent John Jay to Britain to look for a solution.
What is sedition?
Incitement to rebellion
What did Hamilton believe would happen if the United States accepted the debts?
That the wealthy creditors, bankers, and merchants who owned bonds would have enough confidence to lend money to the Federal Government.
What did Hamilton believe about the government and taxes?
He believed that the government had the right to impose taxes.
Federalists
What is a most-favored nation?
A policy between countries ensuring fair trading practices.
What is nullification?
What could the government not operate without?
Income/Funds
What did the Southerners believe?
Having the capital in the South would keep the federal government responsive to its region's interests.
Who believed that the strength of the United States was its independent farmers?
George Washington
Why did Spain offer to negotiate all outstanding issues with the United States?
They were scared that the United States would join forces with Britain.
What did the fourth law try and prevent?
Sedition
Aliens (People who lived in the country who were not citizens)