9.1 powerpoint

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9.1 powerpoint

  1. 1. Chapter 9 - Section 1
  2. 2. 1. Who was the first “President of the United States”?
  3. 3. George Washington <ul><li>1789 - 1797 </li></ul><ul><li>Served 2 terms as President </li></ul><ul><li>Chose not to run for a 3rd term </li></ul>
  4. 4. 2. What departments made up the first “Executive Branch”?
  5. 5. Department of State <ul><li>Responsible for foreign affairs. </li></ul><ul><li>First “secretary” was Thomas Jefferson </li></ul>
  6. 6. Department of the Treasury <ul><li>Responsible for the nation’s treasury and economics. </li></ul><ul><li>First “secretary” was Alexander Hamilton </li></ul>
  7. 7. Washington’s First “Cabinet”
  8. 8. 3. How did the Judiciary Act of 1789 set up the nation’s first “Judicial Branch”?
  9. 9. Judiciary Act of 1789 <ul><li>The Supreme Court would consist of one Chief Justice and five Associate Justices </li></ul><ul><li>Set up a system of lower courts </li></ul><ul><li>Lower court decisions could be appealed to the Supreme Court </li></ul>
  10. 10. 4. How did Alexander Hamilton propose reducing the nation’s debt?
  11. 11. National Debt <ul><li>$4,269,000 - Amount of money needed to run the government from 1789-1791. </li></ul><ul><li>$77,228,000 - Amount of money the U.S. owed for war debts from the Revolutionary War. </li></ul><ul><li>Total Debt = $81,497,000 </li></ul><ul><li>$4,419,000 - Income of the government from 1789-1791. </li></ul>
  12. 12. Hamilton’s Plan <ul><li>U.S. would pay off all state and federal debts by buying back all bonds. </li></ul><ul><li>U.S. would issue new bonds. </li></ul><ul><li>Bankers and investors liked this plan :) </li></ul>
  13. 13. 5. Why did many people not like Hamilton’s plan?
  14. 14. <ul><li>The plan would reward “speculators”. </li></ul><ul><li>Many had sold these bonds to others for 10-15% of their original worth because they needed money. </li></ul><ul><li>Most of the southern states had already paid off their debt. </li></ul><ul><li>As a compromise to the Southern states, Congress agreed to build a new capital along the Potomac River near VA and MD - Washington, D.C. </li></ul>
  15. 15. 6. What other economic challenges did Hamilton face as the Secretary of the Treasury?
  16. 16. First Bank of the United States <ul><li>Tax money deposited here. </li></ul><ul><li>Paper money issued to pay bills and make loans. </li></ul><ul><li>Encouraged economic growth. </li></ul>
  17. 17. Congress passes Tariffs <ul><li>Taxes on foreign goods brought into the country. </li></ul><ul><li>Would make foreign goods more expensive. </li></ul><ul><li>Would help local manufacturers. </li></ul>
  18. 18. North vs. South <ul><li>Northern states had more factories so they relied on fewer foreign goods. </li></ul><ul><li>Southern farmers bought many foreign goods. </li></ul><ul><li>Which groups do you think would support a high tariff (tax)? Why? </li></ul>
  19. 19. 7. What situation led to a rebellion of corn farmers?
  20. 20. <ul><li>Hamilton issued a tax on all liquor made and sold in the U.S. </li></ul><ul><li>Corn was hard to transport so that it could be sold. </li></ul><ul><li>Farmers converted the corn to whiskey which was much easier to transport in barrels. </li></ul>
  21. 21. Farmers Refused to Pay

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