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9.1 history

QuestionAnswer
National Debt the total amount of money that the goverment owes to others
bond a certificate that promises to repay the money loaned, plus interest on a certain date
John Jay 1st chief justice
Judiciary Act called for a Supreme Court to consist of one Chief Justice and five associate justices
Departments in the Cabinets treasury, state, war, attorney general, post master
Influencial People in The President's Cabinet Secretary of State: Thomas Jefferson Secretary of Treasury: Alexander Hamilton
Washiington's 1st Precedent the first cabinet
Washington's 2nd Precedent Only can run for 2 terms in office
Tariff tax on foreign goods brouoght into the country
Bank of the United States set up in 1791, to hold gov deposits to issue money, to make loans to farmers and bankers etc.
the whiskey rebellion farmers rebelled because of taxes on liquor
Washington's response to The Whiskey Rebellion the country was one and united so they did not rebell against eachother
Hamiltons Plan wanted the gov to pay back the federal and state bank's debt by buying up bonds and issuing both national and state debt
spectaculars someone who invests in a risky venture in hope of making a large profit
Madison's Objections to Hamilton's PLan lead opposition and he argued that his plan would reward the spectaculars
Hamilton's and Madison's Compromise Hamilton agreed to having the nation's capitol in the south and he would repay state's debt
Created by: megbrody1
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