National Debt and Bonds After the Revolutionary War, the United States was in debt with foreign...

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National Debt and Bonds National Debt and Bonds After the Revolutionary After the Revolutionary War, the United States War, the United States was in debt with foreign was in debt with foreign countries and its own countries and its own people people The govt. proposed that The govt. proposed that people buy bonds & they people buy bonds & they would get their money would get their money plus interest back plus interest back

Transcript of National Debt and Bonds After the Revolutionary War, the United States was in debt with foreign...

Page 1: National Debt and Bonds After the Revolutionary War, the United States was in debt with foreign countries and its own people After the Revolutionary War,

National Debt and BondsNational Debt and Bonds

After the Revolutionary War, After the Revolutionary War, the United States was in debt the United States was in debt with foreign countries and its with foreign countries and its own peopleown people

The govt. proposed that The govt. proposed that people buy bonds & they people buy bonds & they would get their money plus would get their money plus interest backinterest back

Page 2: National Debt and Bonds After the Revolutionary War, the United States was in debt with foreign countries and its own people After the Revolutionary War,

States’ Debts and Moving the States’ Debts and Moving the CapitalCapital

Hamilton wanted Hamilton wanted the government to the government to pay 21.5 million of pay 21.5 million of this state debtthis state debt

Southern officials Southern officials wanted to change wanted to change the location of the the location of the nation’s capitalnation’s capital

Page 3: National Debt and Bonds After the Revolutionary War, the United States was in debt with foreign countries and its own people After the Revolutionary War,

Hamilton’s Plan, National Hamilton’s Plan, National BankBank

Alexander Alexander Hamilton wanted to Hamilton wanted to create a US create a US National Bank.National Bank.

The other states The other states wanted to help by wanted to help by building even more building even more Banks with no Banks with no monopoly.monopoly.

Page 4: National Debt and Bonds After the Revolutionary War, the United States was in debt with foreign countries and its own people After the Revolutionary War,

The Neutrality ProclamationThe Neutrality Proclamation

The French wanted The French wanted a government like a government like the United States.the United States.

The United States The United States Stayed Neutral. Stayed Neutral.

Page 5: National Debt and Bonds After the Revolutionary War, the United States was in debt with foreign countries and its own people After the Revolutionary War,

The Whiskey Rebellion The Whiskey Rebellion CrushedCrushed

The Whiskey The Whiskey Rebellion was Rebellion was when farmers when farmers lashed out against lashed out against a tax on whiskey.a tax on whiskey.

Washington Washington personally led the personally led the army against the army against the rebels, who where rebels, who where quickly crushed. quickly crushed.

Page 6: National Debt and Bonds After the Revolutionary War, the United States was in debt with foreign countries and its own people After the Revolutionary War,

Washington Says FarewellWashington Says Farewell

Washington worried Washington worried about growing about growing political conflicts political conflicts within the nationwithin the nation

He warned against He warned against forming permanent forming permanent ties with other ties with other countries because countries because choosing sides choosing sides could draw the U.S. could draw the U.S. into warinto war

Page 7: National Debt and Bonds After the Revolutionary War, the United States was in debt with foreign countries and its own people After the Revolutionary War,

The Alien and Sedition ActsThe Alien and Sedition Acts Alien Acts- Could expel foreigners for Alien Acts- Could expel foreigners for

looking suspicious- Made to weaken the looking suspicious- Made to weaken the Republican partyRepublican party

Sedition Acts- silenced govt. criticismSedition Acts- silenced govt. criticism

Page 8: National Debt and Bonds After the Revolutionary War, the United States was in debt with foreign countries and its own people After the Revolutionary War,

Embargo and Non-Intercourse Embargo and Non-Intercourse ActsActs

The violations of The violations of neutrality was neutrality was when British and when British and French navies French navies impressed U.S. impressed U.S. soldierssoldiers

The embargo act - The embargo act - banned trade with banned trade with all countriesall countries

Page 9: National Debt and Bonds After the Revolutionary War, the United States was in debt with foreign countries and its own people After the Revolutionary War,

Call for War, The War HawksCall for War, The War Hawks

War Hawks were for the war against War Hawks were for the war against Britain and New England Federalists Britain and New England Federalists opposed the war.opposed the war.

The War Hawks won the vote, starting The War Hawks won the vote, starting war of 1812.war of 1812.