9-24 Early Republic

9-24 Early Republic - 9-24-07Early RepublicoGeorge...

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Unformatted text preview: 9-24-07Early RepublicoGeorge Washington elected presidentoCongress passed Bill of RightsoCongress addressed economy and debtoJudiciary Act of 1789Set Supreme Court justices at sixEstablishes SC jurisdictionCreated 13 judicial districtsEstablish circuit courts and district courtsoAlexander HamiltonProtg of George WashingtonSecretary of the TreasuryElitistPrepared a financial plan and report of Congress9-27-07Cont Early RepublicoReport on the Public CreditUS owed about $80 millionHamilton wanted the government to assume all the debtSome problems gaining supportSouthern states did not like the planoBecause the south did not owe as much moneyNorthern states favored the planCompromise was reachedPlan was approvedNew national capital to be on the Potomac RiverNational Bank: Bank of the United StatesHamilton believed one should be created...
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9-24 Early Republic - 9-24-07Early RepublicoGeorge...

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