Chapter 4 Section1 Launching the New Nation. •. Read the red heading ... Page
2 ... 4) The nation's first economic crisis was a large public debt. Why was this ...
Chapter 4 Section1 Launching the New Nation Watch this 15 minute video on the presidency of George Washington and take notes on your acrostic poem.
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Read the red heading The First President. In the space below create a chart showing the top posts in the executive branch and judiciary at this time. Define each position and name the first person to occupy each post. “One man cannot do it all.”
-Treasury= A. Hamilton = $ -State= T.Jefferson = foreign relations -War= H. Knox = military -Attorney Gen. = E. Randolph (law)
Sup Court Chief Justice = John Jay =here appeals from state courts
3) How did Washington’s inauguration reflect the nation’s respect for him? -People lined the streets. -The vote was unanimous.
4) The nation’s first economic crisis was a large public debt. Why was this debt so large? -Art. of Confed. made the Nation broke because we had no tax revenue. -We had issued bonds we couldn’t repay.
5) Read Hamilton’s Financial Plan. This section describes Hamilton’s three step plan for ridding the country of its debts. After each step add notes on why Hamilton wanted to take these steps.
• Step 1: Federal Government would take over all debts from the states. -Prove the Gov would honor debts. -encourage future investments • Step 2: Create a federal bank for government money. -Safe place for money. -be able to print paper $ • Step 3: Create tariffs (taxes on imports)
Makes American products same price/cheaper than imports Northern Manufacturers and Bankers support it.
***Cost of imports increased!!! Overall prices go up
FARMERS are against it!
6) Read about the Whiskey Rebellion on page 161. Create three newspaper headlines that would reflect the 1) Cause, 2) Events, and 3) Outcome of the rebellion. Use the facing page for your writing. **New Federal Government Says NO! To Rebellion*** 7) Reread your question for section 1 (on page 1 of this workbook). Answer that question in the space below.
