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9.1 history
| Question | Answer |
|---|---|
| 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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