Famous dinner James Madison Jefferson Hamilton SOUTH gets capitol to be in

Famous dinner james madison jefferson hamilton south

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Famous dinner – James Madison, Jefferson, Hamilton -> SOUTH gets capitol to be in Washington DC -> South would pay more debt to help North o During War, gov sold bonds o Speculators -> Buy ppl’s bonds for cheap then sell for more - 1790 -> SROPC (2 nd report on Public Credit) o National Bank (1 st major issue to be debated dealing with constitution) “Defense of the Constitutionality of the bank” – Hamilton Loose Construction: Not in Constitution but you give government benefit of the doubt/ Flexibility (More liberal interpretation) Elastic Clause: Stretching Constitution to give National gov more power - Hamilton Argues Bank is necessary and proper to let Congress carry out functions - Implied Powers: Powers that are not specifically said in Constitution - Hamilton: Why do we need a bank? o Bank can print bank notes and circulate money o Loan money to government o Government puts money in bank o Makes America stable and prosperous o Models bank after England -> Start with 10 million (2 million from citizens, 8 from private investors) o Wants rich to support bank (Bank favors wealthy) o Fate of America lies with wealthy - National bank lasts 20 years - Hamilton wins FROPC/SROPC 1791 – ROM - Shoe making and textile industry (Project)
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- Wants to attract skilled immigrants - Limited protective tariff -> Gives gov more revenue - THIS IS REJECTED ( people who voted against thought we should be AGRICULTURAL NATION) 1791 – WHISKEY TASK - Wants gov to get more money (Tax on farmers -> Western Pennsylvania) - Put on farmers (More on Jefferson’s side) 1794 – WHISKEY REBELLION - Gov sends 13,000 soldiers -> Example that you cannot use violence against gov (Does not want another repeat of Shay’s Rebellion) Foreign Policy Problems : Washington and Administration 1784 – 1796 French Revolution - (goes throughout Europe) GETS VERY RADICAL - Great Britain VS France (Who should we support? - 1789: French Rev - 1783: French declares war on G.B, Spain, Holland - 1793: Citizen Genet - 1795: Jay Treaty Washington Neutrality Proclamation _ US RESPONSE TO FRENCH REVOLUTION - Jefferson and Madison both agree to STAY OUT of war - U.S -> Trade with both sides if Neutral (Neutral trading nation) - G.B and France seize American Ships + Ignore U.S neutrality - CITIZEN GENET challenges GEORGE WASHINGTON o He gets ppl to be pro French -> However, French gov changes 1795_JAY TREATY - Washington sends John Jay to G.B o British seizing American ships -> Wants G.B to stop -> Wants to avoid War - Overall, good treaty - House of Representatives wanted GOV to give them all documents pertaining to treaty - GEORGE WASHINGTON responds by creating EXECUTIVE PRIVELAGE PINCKNEY’S TREATY - TREATY WITH Spain -> SPAIN allowed America right to navigate Mississippi River (JAY GARDOKI closed off river) -> Spain at war with France -> Spain want’s U.S’s good side - Shows that U.S has strong national Gov Grenville Treaty_1795 - Native Americans (Miami Confederacy) We get OHIO We see Americans divided -> Leads to political parties (FACTIONS)
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1794 _ Development of Political Parties TEA PARTY_More Republican (Democratic Republicans) - 1) Claimed that they are same as founding fathers - 2) If it’s not in constitution we don’t like it (RADICAL REPUBLICANS) - Ironic because founding father’s never really agree on everything
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