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History Ch 9 sec 2-3
history notes
| Question | Answer |
|---|---|
| Total amt of money owed by a country to its lenders | National debt |
| Certificates that represent money the govt has borrowed from privates citizens | Bonds |
| Investors who buy items at low prices in hope that their value will rise | Speculators |
| Tax on important goods | Protective tariff |
| way of interprinting const. that allows federal gov. to take the actions the const. spicifically says it can take | strict constitution |
| way oh interprinting the const. that allows the federal gov.to takeactions the cons. doesnt spicifically say it can take | loose constitution |
| national bank charted by congress to provide security for the US econemy | bank of the united states of america |
| group selected by the state legislatures to represent the popular vote in federal electionss | electral college |
| an act or decision that later seves as an example | precedent |
| legislation passed by congress that creeated a federal court systom | judiciary act |
| why was washington reluctant to become prez. ? | his age , lack of political expierence,drawn into political conflicts |
| why did amerricans believe washington to be the best canidate?? | they believed his character honesty and patriotism made him an exellent canedate |
| how was the winner of the winner of the presidential election detiremined ???? | the elecectral college |
| who was washingtons vice prez???? | john adams |
| what did washington feel his challenge as prez was ?? | to make sure new gov. lived up to its expectations |
| what was republican motherhood | the idea that women played in teaching their kids to be good citizens |
| how many people populated the us in 1790,and where did mst of theme live ?? | 4 million/on the country side |
| name countries two cites with population greater that 25,000 | new york & philadelphia |
| which city served as the national capital??? | new york city |
| what were the concerns of the merchants at this time ? | wanted simpler trade laws controled by a unified goverment |
| list washingtons cabinet members and their titles/ | 1:alexander hamilton-secratary of treasury2:thoumas jefferson-secraty of state3:henery knox-secraty of war4:samuel osgood-postmaster general |
| Describe the different levels of the Federal court system. | lower lever - district courts; court of appeals - review decisions of the district courts; supreme court - 6 justices |
| Who was the first chief justice? | John Jay |
| Who was the first attorney general? | Edmond Randolph |
| What was Hamilton's biggest challenge as secretary of treasury? | Paying off national debt |
| Why did some bondholders (investors) sell their bonds to speculators? | They began to doubt that the government would repay them. |
| Describe Hamilton's two part plan to pay off the nation's debt. | To pay the foreign debt as soon as possible and gradually repay full value of all bonds. |
| Why did Jefferson disagree with this plan? | Jefferson thought speculators cheated the original bondholders who had sold their bonds at low prices out of necessity. |
| With whom did congress agree regarding how to pay off national debt, Jefferson or Hamilton? | Hamilton. |
| What was debt assumption? | The federal govt would take on the debt of the state. |
| Why did Hamilton promote debt assumption? | Because states would be loyal. |
| How was the country divided over the issue of debt ssumption? | Northern officials wanted debt assumption by the federal govt. Southern officials wanted a new national capitol. |
| How was the controversial issue of debt assumption settled? | The compormised. They moved the capitol to Washington, DC and south would support debt assumption. |
| How did Hamilton and Jefferson feel about the federal govt? | Hamilton wanted a strong central govt and Jefferson wanted to protect state rights. |
| What opinions did these men hold towards manufacturing and agriculture? | Hamilton wanted to promote growth of manufacturing and commerce. Jefferson worried about depending too much on business and manufacturing. He was more interested in the average man. |
| Why did Hamilton want to establish a national bank? | To provide a safe place to deposit govt funds and would serve as a reliable source of loans for the govt and business. |
| What else did Hamilton propose? | National mint & hand out new money. |
| What was Jefferson and Madison's reaction towards a national bank? | Both questioned whether the US Constitution gave congress the power to start a national bank |
| Who believed in loose construction? | Hamilton |
| Who believed in strict construction? | Jefferson |
| What was the effect on the US economy after congress granted a 20 year charter for the Bank of the United States? | Improved the US economy. |
Created by:
leaheb
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