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Hamilton v Jefferson. The Creation of Political Parties. Washington elected President. Washington was unanimously elected as 1 st President of the US (only time ever) Inaugurated April 30, 1789 in NYC (Capitol of the US) John Adams was his VP (VP was runner up in elections)

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hamilton v jefferson

Hamilton v Jefferson

The Creation of Political Parties

washington elected president
Washington elected President
  • Washington was unanimously elected as 1st President of the US (only time ever)
  • Inaugurated April 30, 1789 in NYC (Capitol of the US)
  • John Adams was his VP (VP was runner up in elections)
  • Washington knew his every move would set a “precedent” for the presidency
washington s new gov t
Washington’s new gov’t
  • Presidential Cabinet
  • What would he be called
    • Article 1 Section 9.8 Titles of Nobility
    • No title of Nobility shall be granted by the US
    • Mr. President
  • The Founders left matters up to Congress
    • Federal Judiciary Act of 1789
      • Created the Supreme Court
      • Washington appointed John Jay 1st Supreme Court Justice
washington s new gov t cont
Washington’s new gov’t cont.
  • Washington\'s Cabinet- advisors to the President
    • Secretary of War- Henry Knox (War hero along side of GW)
    • Secretary of State- Thomas Jefferson (France)
    • Secretary of Treasury- Alexander Hamilton
    • Attorney General- Edmund Randolph
the nation s finances
The Nation’s Finances
  • War Debts
    • US borrowed millions from Spain, France and Netherlands during American Revolution
    • Owed Private Citizens
      • Government issued bonds- certificates that promise payment plus interest
    • Why was it important t pay of debt?
      • Win respect of both foreign nations and own citizens
      • Shows that the US is responsible with money
      • If they paid debt, other countries would then do business with the US
hamilton s proposal
Hamilton’s Proposal
  • 3 Step plan to improve the nations finances to strengthen the national government:
    • 1. Pay off all war debt
    • 2. Raise government revenues
    • 3. Create a national bank
      • Also wanted the national government to pay off the states war debts
  • Hamilton asked Jefferson to help to gain Southern support
    • In return the capital was moved to Virginia
      • Present Day Washington DC
hamilton s views
Hamilton’s Views
  • Creating a strong national government
    • Favored tariffs- a tax on imports
      • Purpose
        • Raise money for the government
        • Encourage growth of national business
    • Favored the National Bank
      • A safe place for Gov’t to place its money
      • Could make loans to business and government
      • Issue a common currency (paper money)
hamilton s opponents
Hamilton’s opponents
  • Against the National Bank
    • Argued that the bank would encourage an unhealthy relationship between the gov’t and wealthy business interests
    • Argued that since the Constitution does not give powers to create a bank, they can’t do it (Strict Interpretation)
  • Hamilton used the Elastic Clause
    • Congress has the authority to do whatever is “necessary and proper” to carry out its specific duties, such as regulation commerce
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