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Kellenberg Junior Trimester 2 - American History (Honors)
Terms in this set (508)
The Washington Administration creates Executive Departments, which eventually emerged into this familiar position consisting of presidential advisors
The Presidential Cabinet
Who is Washington's Secretary of State?
Who is Washington's Secretary of the Treasury?
Who is Washington's Secretary of War?
Who is Washington's Attorney General?
Why was making the new government effective and preserving the American union hard for the Washington administration?
Because states still saw themselves as independent
The objectives of this was to raise revenue, restructure debt, increase U.S trade, and make U.S businesses successful through three reports
Hamilton's Financial Plan
What 3 reports made up Hamilton's financial plan
Public Credit, National Bank, and Manufacturers
The national debt in America by the time Hamilton was appointed Treasury Secretary was
Of the $74 million National Debt, how much did the Federal government owe?
Of the $74 million National Debt, how much did the states owe?
Although some states paid off their dead quickly, others payed at
What was Hamilton's financial plan?
Have the Federal government assume all 13 states debt into one national debt and then pay back at full face value
Corrupt speculators bought these at reduced rates in order to get rich
By 1795, the U.S used Hamilton's financial plan to pay off their debt to this country by establishing good credit with the Dutch
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