The Federalist Papers: a collection of 85 articles andessays written by Alexander Hamilton, James Madison, and John Jay under the pseudonym "Publius" to promote the ratification of the United States Constitution.Bill of Rights: the first ten amendments to the US Constitution, ratified in 1791 and guaranteeing suchrights as the freedoms of speech, assembly, and worship.Hamiltonians: supporters of Alexander Hamilton and Federalism.Jeffersonian Republicans: an American political party founded by Thomas Jefferson and James Madison in the early 1790s. The party championed republicanism, political equality, and expansionism.Strict Constitutionalists: someone who is very focused on the idea of government only following the original constitution.Adam Smith: a Scottish economist, philosopher andauthor as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment, also known as ''The Father of Economics'' or ''The Father of Capitalism''.“The Wealth of Nations”: the magnum opus of the Scottish economist and moral philosopher Adam Smith.Free Enterprise: an economic system in which private business operates in competition and largelyfree of state control.Capitalism: an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.Alexander Hamilton’s Economic Reforms: The paramount problem facing Hamilton was a huge national debt. He proposed that the government
assume the entire debt of the federal government and the states. His plan was to retire the old depreciated obligations by borrowing new money ata lower interest rate.Reports on Public Credit: delivered to Congress on January 9, 1790, called for payment in full on all government debts as the foundation for establishing government credit.Compromise of 1790: a compromise between Alexander Hamilton and Thomas Jefferson with James Madison wherein Hamilton won the decision for the national government to take over and pay thestate debts, and Jefferson and Madison obtained the national capital (District of Columbia) for the SouthBank of the United States: Proposed by Alexander Hamilton, the Bank of the United States was established in 1791 to serve as a repository for federal funds and as the government's fiscal agent. ... The Bank, based in Philadelphia with branches in eight cities, conducted general commercial business as well as acting for the government.Report on Manufactures: he third major report, and magnum opus, of American founding father and first U.S. Treasury Secretary Alexander Hamilton. Itwas presented to Congress on December 5, 1791French Revolution: a period of far-reaching social and political upheaval in France and its colonies beginning in 1789.
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- Fall '17
- Cliff Tyndall