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Unformatted text preview: Us History Study Guide 2 Ben Wynne George Washington President at the time Hands off the government to next candidate Believed in separation of powers and shouldnt be political parties o Two parties emerge regardless Federalists Wanted centralized government Republicans Wanted a modest, rural or agrarian society Alexander Hamilton Secretary of treasury Puts together the nations economics Wanted strong central government o Elite ruling class Economics o Believed federal government should assume state debt left over from revolutionary period. Keeps wealthy involved (creditors) invested interest o Perpetual national debt o Creation of a national bank that would have a monopoly on the federal governments banking business o Raising funds through tax on distilled spirits National Tariff To encourage citizens to purchase in nation Thomas Jefferson For the little guys (small farms) Hamilton and Jefferson o Make a deal Republicans drop opposition to economic plan Federalists move capital to Washington, DC From Philadelphia to south on Potomac River Election of 1792 Washington wants to retire o Washington received most votes and became president o John Adams wins vice president James Madison Representative from Virginia o Argued for a plan by which new bonds would be divided between the original purchasers and speculators. John Adams Vice president in 2 nd presidential election Whiskey Rebellion Western Pennsylvania (1794) Farmers upset with tax on liquor Washington sends 15,000 troops o Leaders convicted of treason but are pardoned 1790s British and French at war Neutrality Act in 1794 French appeal to America for help in war o America declares neutrality Edmond Genet Diplomat from France o Goes to the Republicans Federalists get upset French Revolution begins percolation U.S. and French relationship strained U.S. Develops problems with English English seize U.S. war ships British Navy has many deserters Join the American Navy When British seize ships, force Americans to join their Navy Jays Treaty Treaty with Britains Chief Justice Get a commitment from British that they will stop seizing American ships British troops removed from American frontier Commercial agreement that will guarantee stable trade relationship British dont commit, but workable trade relationship is arranged o Not good for U.S. or Federalist leaders Pinckneys Treaty With Spain U.S. gains rights to use port of New Orleans Settles boundary disputes in Florida Spain agrees not to agitate Indian allies to harass Americans...
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