Solar Thermal Energy for the Village Dale Andreatta, Ph.D., P.E.
George Washington & National Debt Chapter 6 – Section 1 &2 By Mrs. Andreatta.
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Transcript of George Washington & National Debt Chapter 6 – Section 1 &2 By Mrs. Andreatta.
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George Washington & National Debt
Chapter 6 – Section 1 &2
By Mrs. Andreatta
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George Washington – 1st President G.W. – Very popular with the people Electors from 11 states that passed
Constitution met in 1789 to vote on President.
Electoral College formed – a body of electors who represent the people’s vote to elect the President
G.W. Elected / John Adams Vice President
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George Washington Takes Oath of Office!
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Statue of George Washington
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The New President Set examples for Executive Branch Created 1st Cabinet
Judicial Branch Established – Judiciary Act of 1789 – created three levels of federal courts and defined their powers and relationship to state courts
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First CABINET Thomas Jefferson – Secretary of State (had
served as Ambassador to France) Alexander Hamilton – Secretary of Treasury
(gifted economic planner) Henry Knox – Secretary of War (served with
Washington in the Revolution) Samuel Osgood – Post Master General (had
government experience) Edmund Randolph – Attorney General
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The New United States 4 Million People in 1790
Mostly farmers – wanted fair tax laws, improved trade & to settle western lands
1st Capital – New York City – 33,000 People
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Federal Building – N.Y. City
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Alexander Hamilton Has Issues: Needs to pay off National Debt U.S. owed 11.7 Million to Foreign Countries 40.4 Million owed to U.S. Citizens Pay foreign Debt 1st – then Citizens Jefferson opposed Plan
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Jefferson’s Views Protect State’s Power
Right of people to rule country
Supported Agriculture and Farmers
Lower Tariffs to keep costs low on products that farmers buy.
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National Bank – The Plan! National Bank is needed to Safely Deposit $$
Make loans to government and businesses
States’ right opponents didn’t like plan (Jefferson)
Limited bank to a 20 year charter
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N.Y Stock Exchange
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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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Supporters of the Bank Hamilton – Loose Interpretation of
Constitution
Government can do what Constitution does not forbid
Washington and Congress approved National bank in 1791
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