Securing the republic - Securing the republic 3/9/11 NYC...

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Securing the republic 3/9/11 NYC temporary capitol of country GW becomes president o All electoral votes went to him Appoints the first 6 supreme court justices o John Jay became Chief Justice Hamilton economic plans 1. Establish new nations financial stability 2. Bring the gvt the support of financial big wigs 3. Encourage economic development Long term goal was the make it a long term success and _____ Model was Britain Economic program 1. Establish credit worthiness a. People want to buy loans and know that they will be repaid in full 2. Call for creation of a new national debt a. Old bonds replaced from AG by interest bonds b. Rich financial loyal secured to the survival of the government 3. Call for the creation of the national bank a. Modeled on Bank of England b. Private corporation i. Hold public funds, make loans and bonds 4. Raise revenue by tax on whiskey producers 5. Report on manufactures Hamilton delivers this plan in December 1791(?) a. Tariff on imported goods
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Securing the republic - Securing the republic 3/9/11 NYC...

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