George Washington

1
George Washington National Debt

• Chapter 6 Section 1 2

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George Washington 1st President

• - Washington Very popular with the people
• - Electors from 11 states (Electoral College) met
  in 1789 to vote on President.
• - Washington Elected / John Adams Vice President

3
George Washington Takes Oath of Office!
4
Statue of George Washington
5
The New President

• - Set examples and traditions (precedents) for
  Executive Branch- 2 terms, American Cloth, Mr.
  President, farewell address, meet with cabinet
  regularly
• - Created 1st Cabinet- Alexander Hamilton,
  Secretary of Treasury and Thomas Jefferson
  Secretary of State
• - Judicial Branch finalized (Judiciary Act 1789)

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The New United States

• - 4 Million People in 1790
• - Mostly farmers wanted fair tax laws to
  settle western lands
• - 1st Capital New York City 33,000 People

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Federal Building N.Y. City
8
Alexander Hamilton Plan

• - Pay foreign Debt, then Citizens (bond holders),
  and free up states to invest in building the
  economy--create good credit
• - Gain Revenue- Protective tariffs and bank
  interest
• - Stabilize- National Bank and National Mint (one
  single currency)

9
National Bank

• - National Bank is needed to Safely Deposit
  federal funds and stabilize the economic system
• - Make loans to government and businesses
• - States rights opponents didnt think the bank
  was constitutional (Jefferson)
• - Limited bank to a 20 year charter

10
Jeffersons Views

• -Against Strong Central Government
• -Supports and trusts the people (common man) to
  rule country
• Supported Agriculture and Farmers
• Lower Tariffs to keep costs low on products
  that farmers buy
• -Strict Construction- Against using the Elastic
  Clause to create a National Bank

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Opponents to the Bank

• - Jefferson and Madison opposed idea
• - Constitution did not grant power to the federal
  government to create a national bank
• - Strict interpretation of Constitution Can
  only do what the Constitution says

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N.Y Stock Exchange
13
Supporters of the Bank

• - Hamilton Loose Interpretation of Constitution
  (stretch the Elastic)- congress can do what
  Constitution does not forbid
• - Washington and Congress approved National bank
  in 1791

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16
International Conflicts
The Neutrality Proclamation - Remained neutral
during war between France and England Jays
Treaty- Settled disputes with England Pinckneys
Treaty- Settled a dispute with Spain over The
Port of New Orleans, territory, and borders
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Domestic Conflicts
Battle of Fallen Timbers- fight with native
Americans over western lands Treaty of
Greenville- forced the Natives to give up
Northwest Territory to American settlers Whiskey
Rebellion- Washington personally enforces U.S.
tax laws
18
Farewell Address
Stay loyal to the union- dont let anything
come between you and your country Always refer
to yourself as an American Use education to
strengthen the country Beware of political
parties Beware of close foreign alliances Do
not let our nation get into debt