#12 The Republic In Crisis

#12 The Republic In Crisis - Wednesday,May31,y The...

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Wednesday, May 31, y The Republic in Crisis I. A Brief Honeymoon • Federalists were in charge of the New Government • Washington was president • Honey moon period was over-> clashing between the ratification brought the na- tion to the brink of civil war on more than one occasion 1790’s was a decade dominated by the federalists but they were met with resis- tance II. Federalists in Power • Washington’s advisor - Hamilton Secretary of state- Jefferson A. Hamilton’s Vision • Clear vision of the nation’s future • Simple angrial nation to tranform to industrial Didn't care if people didn't like him • Hamilton was arrogant, pretentious • Typical people ruled too much by emotion/ passion & couldn't be trusted with running government • Rich on the other hand were more stable & competent to serve in government; self interest • Reverse egalitarian: put in place a powerful central government that benefited the rich B. Hamilton’s Program 1. Establish the National Credit Paying off debt from war Give rich a vested input in the national economy & the economy will prosper 2. The Bank of the U. S. Modeled after England Would replace the local banking system which hamilton described as embarrass- ingly primitive Hamilton was convincing to congress; currency & bank plan were enacted -in a few years the economy was booming Hamilton was more arrogant @ this point and saw himself as almost the prime minister instead of secretary urged congress to fund roads, canals -> implement high protective tariff 1
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