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History Quarterly

TermDefinition
Weaknesses of the AOC No president Congress had no power to tax and regulate trade Needed 9/13 state's approval to pass laws Congress needed approval of all states for changes
Shay's Rebellion Famers (ex-war soldiers) rebelled after MA raised taxes to pay war debt
Northwest Ordinance Provided an orderly system Forbade slavery in the NW (but did not offer protection to the runaway slaves) Treaties forced upon the Native Americans to give up land and move into reservations
Constitutional Convention Meeting to revise the AOC Resulted in a new government
The Great Compromise Created a bicameral legislature Congress House of Reps - chosen by population Senate - equal from each state
Three-Fifths Compromise 3/5 of each state's slave population would be counted for population Gave the South more seats in Congress
The Commerce Compromise National gov't can tax imported goods - helped Northern economy National gov't could NOT tax exports Federal gov't regulates interstate trade
Slave Trade Compromise Congress couldn't ban the slave trade until 1808
Sectionalism Loyalty of a particular region of the nation, rather than the US as a whole
The Legislative Branch Made up of Congress Can lay/collect taxes, borrow money, regulate commerce, coin money, establish post Can declare war Makes all laws
The Elastic Clause "To make all laws which shall be necessary and proper" Broadens the power of Congress
The Executive Branch President Enforces laws Can sign legislation into law, veto bills sent by Congress, negotiate treaties
The Judicial Branch The Supreme Court To interpret and defend the Constitution
Federalism Political system in which power is divided and shared between national and state governments
Anti-Federalists People who opposed the ratification of the Constitution Feared stronger national gov't
Famous Federalists George Washington, Benjamin Frankin, James Madison, Alexander Hamilton, John Jay
Bill of Rights Addition Controversial Anti-federalists felt it was necessary Federalists felt it was unnecessary/dangerous
Famous Anti-Federalists Thomas Jefferson
Hamilton's Financial Plan Favors the states that haven't paid off their taxes Federalists - want to pay taxes to strengthen the gov't Anti-Federalists - don't want a stronger central gov't
Assumption (Hamilton's Financial Plan) To have the national gov't assume the debt of all states to pay off national debt Combine all of the debts of the states and give it to the federal gov't
Protective Tariff (Hamilton's Financial Plan) High taxes on imported goods Northern states support so people will buy their goods instead of imported goods
Excise Tax (Hamilton's Financial Plan) First tax imported on a domestic product (whiskey) by the newly formed federal gov't
The National Bank (Hamilton's Financial Plan) Hamilton (Federalist) feels this is constitutional Jefferson (Anti-Federalist) feels this is unconstitutional
Hamilton's Ideology To shape financial policies to favor wealthier groups b/c they would lend the gov't monetary and political support The upper class would continue to invest their $$ in the new gov't The upper class would grow Create a powerful national gov't
Created by: fionapennecke
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