Final_Exam_United_States_History_Vocabulary - Final Exam...

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Final Exam United States History Vocabulary 1. Report on the Public Credit-      Hamilton submitted his report to Congress in 1790, hoping to seize it as an opportunity to rebuild the country’s credit base. He reported that the US was 54 million dollars in debt: 12 million to foreigners, and the rest to Americans. On top of that, he estimated that the states held debts of over 25 million dollars. 2. Whiskey Rebellion-      A small rebellion, that began in Southwestern Pennsylvania in 1794 that was a challenge to the National Governments unjust use of an excise tax on an "economic medium of exchange". Washington crushed the rebellion with excessive force, proving the strength of the national governments power in its military, but was condemned for using a "sledge hammer to crush a gnat." 3. Tariff of 1793-     4. First National Bank-     Chartered by the newly formed federal government, the bank was established in Philadelphia in 1791, and was permitted by the government to issue legal tender bank notes that could be exchanged for gold. The bank successfully established a national currency, but the charter ended in 1811, for economic and political reasons. 5. Edmund Genet-      French ambassador to the United States during the early 1790s, and conspired to reclaim Florida for France and Spain by recruiting Americans to enlist in combat against British forces. He eventually fell out of political favor with President Washington and was recalled, later claiming asylum in the United States and marrying a daughter of George Clinton. 6. Jay’s Treaty-     Negotiated between the United States and France in 1794, the treaty evacuated British posts in the West, appointed a committee to set up the U.S.-French boundary, and named a commission to determine how much the British should pay for illegally seizing American ships. It did not resolve the British West Indies trade dispute. 7. XYZ Affair-     When a commission was sent to France in 1797 in order to negotiate problems between the two countries, they were told by the French foreign minister Talleyrand that the agents X, Y, Z, three officials who did not take the process seriously, would only negotiate for a lend of $10 million to the French government. 8. Maurice Talleyrand-     French foreign minister; In 1797, Adams sent a diplomatic commission to France to settle matters about the upset of the Jay Treaty of 1794. The French thought that America was siding with the English violating the Franco-American Treaty of 1778. The
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commission was sent to talk to Talleyrand about the seizing of American ships by the French. Communication between the commission and Talleyrand existed between three go between (XYZ) because talking to Talleyrand in person would cost a quarter of a million dollars. Americans soon negotiated and this act subtly started an undeclared war with France. 9.
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Final_Exam_United_States_History_Vocabulary - Final Exam...

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