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Chapter 7

Published on Dec 02, 2015

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PRESENTATION OUTLINE

1.

Chapter 7

Democracy and Dissent: The Violence of Party Politics
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2.

Establishing a New Government

  • George Washington elected president - 1788
  • John Adams elected VP
  • Three executive departments: war, state, treasury
  • Judiciary Act of 1789 established
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3.

Federalists

  • Favored England
  • Rapid integration in world economy
  • Strong national institutions
  • Loose interpretations of constitution
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4.

Republicans

  • Favored France
  • Strick interpretations of constitution
  • States' rights
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5.

Political Party Friction

  • 1796 Presidential election
  • XYZ Affair
  • Federalist army to repel French
  • 1800 election 
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6.

Hamilton's Plan for Prosperity

  • Public credit
  • Banking
  • Manufacturers 
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7.

Funding

  • Public Credit had two recommendations
  • Funding: federal certificates of debt
  • Assumption: federal gov. purchases states' debts
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