Monetizing the debt turning the debt into a form of money Great deal of

Monetizing the debt turning the debt into a form of

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“Monetizing the debt”: turning the debt into a form of money Great deal of opposition come with this idea Debt was considered a burden back then Because $ was coming from national gov. More inclined to take steps to make sure the us gov. Would last They want the capital put into a southern city, believe capital will become like europe capital like paris london rome Bc of the political aspect of it Think it'll develop like that Hamilton can’t believe thats all he has to do, move capital They decide to chose washington as a site, washington D.C They built this city specifically for the capital D.c is political of country New york is money capital of nation with banks and wallstreet New york capital for art and broadway LA for modern music TV and movies Nashville for country and gospel 3) Protective Tariff + Business Subsidies: Protective tariff: means they want a HIGH tax on imports ( a revenue tariff is a term for low tax on imports, simply to create revenue) Wants high tax to encourage americans to manufacture their own goods, instead of $$ stuff from overseas He wanted americans in trade and commerce, not a country of farmers He wanted to offer them business subsidies to encourage them to build a factory or foundry Since USA is mostly farmers, they have to sell their goods overseas bc so much for demand People hate high tariffs, they want a low tax Protective tariffs is DEFEATED Take away tax and give it to someone else, equated as stealing Hamilton gets:
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National bank Protective tariff DOES not give business subsidies French Revolution: 1789 - 1815 Trying to limit to power of the french king, Louis XVI They support the revolutionaries French revolution is rather bloodless Revolutionaries establish an english system of government with a monarch with limited power, a national elected assembly with law making powers ( think parliament ) Jacobins: new group that wanted the new revolution to live up to a new idea. Liberty They abolished slavery Wanted equally They wanted to make an american style of government One without a monarch They got their wish in 1792/93 They execute Louis the 16th “Export the revolution” At war with any place that possessed a monarch Involves the Usa because of the alliance they signed with france and that they would help in future wars and go to the peace table with the french War that lasts until 1815 US declares neutrality: Contraband: you can trade with nations at war except for contraband Weapons, gunpowder, guns Anything that can be used by the military U.S makes the most foodstuffs British claim that foodstuffs are contraband Bc u have to feed a military British stop american ships that are headed to france France has a big powerful strong army Use navy to blockade France Search and Seizure:
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