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5.2 - The Early Republic (First Political Parties)
Terms in this set (21)
First Secretary of the Treasury. He was a Federalist, one of the authors of the Federalist Papers during the debate over ratification of the Constitution. His financial plans included assuming state debts, creating a national bank, and promoting manufacturing. He was killed in a duel with Aaron Burr.
Secretary of the Treasury
The leader of the Department of the Treasury and the person in the executive branch primarily responsible for guiding financial policy.
Bonds sold by the government. Essentially they are loans people make to the government with a promise of repayment with interest.
Essentially an IOU sold by the government. Essentially they are loans people make to the government with a promise of repayment with interest.
First Bank of the United States
Bank created by an act of congress as part of Alexander Hamilton's financial plan. He hoped that it would help stabilize the nation's financial system by issuing a stable currency.
Money paid to a certain group of farmers or producers by the government to help support that industry.
Taxes collected on imported goods.
Government policies meant to promote domestic business, either with direct help (subsidies) or by making imports more expensive (tariffs).
A way of reading the Constitution that results in a belief that the government can only do with is expressly written.
A way of reading the Constitution that leads to a belief that the Constitution outlines, but does not express every possible power the government has.
The nation's capital city, created in the 1790s and designed by Pierre Charles L'Enfant.
District of Columbia
The square area of land selected by President Washington and set aside by Maryland and Virginia for the new national capital. Today the city of Washington has grown to fill the entire area. The part on the Virginia side of the Potomac River was given back to the state of Virginia.
Pierre Charles L'Enfant
Frenchmen who laid out the street map of Washington, the new national capital.
Uprising in France begun in 1789 by the people against the royalty and aristocrats. It was supported in America by the Democratic-Republicans but eventually dissolved into a reign of terror in which many people were accused and beheaded without a fair trial. It eventually ended with the rise of the dictator Napoleon Bonaparte.
A group of people who work together to affect public policy and support candidates for public office.
One of the first two political parties. They supported the Constitution, strong central government, Hamilton's financial plans, and favored Britain over France. Washington and Adams were the only president's from this party.
One of the first two political parties. They were the successors to the Anti-Federalists, favored state power fearing tyrannical power concentrated in the federal government. Jefferson and Madison were their leaders.
Alien and Sedition Acts
Laws passed in 1798 by the Federalist congress and President Adams designed to limit the influence of their political opponents. They severely limited the freedom of speech and were clearly in violation of the First Amendment.
Election of 1800
Presidential election between President John Adams and Jefferson. It resulted in the first transition of power from one party to another.
Former Vice President who shot and killed Alexander Hamilton in a duel. Later he moved West and was accused of treason due to his role in a plot to help western states secede from the Union.
1804 event in which Alexander Hamilton was shot and killed by Aaron Burr.
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