2. British were impressing American sailors.3. American merchants wanted compensation for ships confiscated during the war.4. British still occupying forts in western regions & accused of aggravating Indian attacks.(5) Terms Agreed Upon:1. British agree to vacate western forts.2. British agree to compensate ship owners.3. US granted Britain “favored nation” trading status.***4. US guaranteed repayment of private pre-war debts to British merchants.5. Commissions established to determine borders.^Republicans looked at this as ridiculous because they didn’t get the British to do anything new:Essentially gave the British something new & received nothing in return.British had previously promised to do all of these things.5. Election of 1796:There was nothing that limited the number of terms a president could serve.Washington was tired of being president.He also believed it would set a dangerous precedent if he continued to serve terms.
HIST 2055 – Chapter 7 & Mr. President14:08He didn’t envision career politicians.Wanted to make a statement when he left office Presidents should only serve 2 terms.Washington didn’t view himself as being a member of a political party, but he very much favored the FEDERALIST view:More often than not, Washington took Hamilton’s side, to the extent that Jefferson resigned as Secretary of State.Jefferson was one of the founders of the REPUBLICAN party. John Adams also wanted to be above the party battles, but he too fit the FEDERALIST platform.After Washington resigns, the two next-in-lines are Jefferson & Adams.Election of 1796 Results:John Adams (FED) 71Thomas Jefferson (REP) 68^Adams wins, but now Jefferson (the leader of the opposition), is now vice president.This is a problem.6. Commerce vs. Agriculture:Federalists:Favored economy based in COMMERCE & MANUFACTURING.Believed this was the surest way to bring the US as an economic force to be reckoned with throughout the world. Republicans:
HIST 2055 – Chapter 7 & Mr. President14:08Favored AGRARIAN-based economy (yeoman farmer):The Yeoman Farmer:Subsistence farmer – Raised enough to feed his family & maybe a little bit extra to trade or sell.Owned SMALL farms.Goal wasn’t to become a world economic power, but to create a republican society:White male land owners could vote at this time.Wanted to help Americans own their own land so that they could be independent.7. XYZ Affair/Quasi War:French begin Quasi War:It was never a formally declared war, but they were fighting on the high seas, attacking each others ships.Fighting because France didn’t want the US trading with Great Britain.John Adams sends a team of negotiators to Paris to speak with the foreign minister in order to negotiate a treaty so this can stop.French administer comes up & demands a foreign bribe BEFORE they talk to the French minister.American ambassadors are insulted & go back home & spread the word about what happened.