The document discusses John Adams and Thomas Jefferson, the key candidates in the 1796 presidential election. It notes their diplomatic backgrounds and roles in the Declaration of Independence. The election resulted in Adams winning the presidency while Jefferson became vice president as the runner up. This established the system of the vice president position going to the runner up that was later changed by the 12th Amendment. The document also summarizes several events that occurred during Adams's presidency, including the Alien and Sedition Acts and Virginia and Kentucky Resolutions, which challenged the constitutionality of the federal government's powers.