Securing the Republic

Securing the Republic - Securing the Republic Political...

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    Securing the Republic  Political Divisions Emerge
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    George Washington: 1st president—Why? • John Adams (MA) VP • What kind of executive branch did  Washington create? – Secretary of State: Thomas Jefferson (VA) – Secretary of War: Henry Knox (MA) – Secretary of the Treasury: Alexander Hamilton  (NY)
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    How did the new president propose to  solve the nation’s serious debt  problem? • Create financial stability • Alexander Hamilton
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    Alexander Hamilton’s Program: details  and purpose? (1)  – National debt • $12 million foreign • $42 million domestic  – State debts—$25 million (2)  Funding of this Debt Fully—New Debt
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    (3)  Create a National Bank—Bank of  the United States (BUS) (4)  Excise Tax on Whiskey (5)  Manufacturing and protective  tariffs
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    The Oppositions’ arguments? (1) 
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Securing the Republic - Securing the Republic Political...

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