Hamilton v jefferson
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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

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Hamilton v Jefferson

The Creation of Political Parties

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

  • 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 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

  • 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

  • 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

  • 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

  • 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

Political Parties Emerge

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