The Federalist Era: 1789-1800 - Weebly · The Federalist Era: 1789-1800 Author: Gregg D. Pugliese...
9
The Federalist Era: 1789 - 1801
Transcript of The Federalist Era: 1789-1800 - Weebly · The Federalist Era: 1789-1800 Author: Gregg D. Pugliese...
The Federalist Era:
1789-1801
George Washington: Our First
President Washington received vote of every elector
John Adams elected Vice President
April 30, 1789: First Inauguration
New York City: Temporary Capital
Salary: 25,000 / year
First Acts of the New
Government:
1. Judiciary Act of 1789: Established District and Circuit Courts
Washington appointed John Jay first Chief Justice
2. Bill of Rights: Congress proposed a series of amendments; states ratified ten
3. Formation of First Cabinet: Consisted of four capable men
Chief Justice John Jay
First Cabinet
Thomas Jefferson: Sec. of State
Alexander Hamilton: Sec. of Treasury
Henry Knox: Sec. of War
Edmund Randolph: Attorney General
Alexander HamiltonThomas Jefferson
Henry Knox Edmund Randolph
Hamilton’s Financial Programs:Reports on Public Credit and Manufacturing
1. Federal Payment of all Debts: Firmly establish credit of the new nation Domestic Debt: Full payment or re-issuing of Promissory
Notes from Rev. War Opposition: Most notes were now owned by Speculators that
bought them at a discount
Foreign Debt: Loans mostly from France and the Netherlands
Assumption of State Debts: Each state had debt from Rev. War Opposition: Some states (mostly Southern) had already re-paid
their debts
Compromise: Hamilton agreed to support a permanent Capital in the South (D.C.)
2. Excise Tax: Tax on various items produced and sold in US
Most Notably: Distilled Liquors
Whiskey Rebellion: (1794) Farmers in Western PA refused to pay
Put on armed resistance; Washington called up 15,000 troops to crush rebels
Demonstrated power of new government
3. Protective Tariff: Increase taxes on imported manufactured goods
To encourage American industry
4. *Bank of the United States
Private investors would own 80%
Government would control 20% Hold money collected by government
Provide loans to businesses
Print a stable national currency
Objections: Opponents argued the government did not
have the power to create a bank
Favored the wealthy: creditors, manufacturers
