COPY: COPY: COPY: Module 7 Social Studies

Federal Government and National Finances

• Alexander Hamilton believed in a strong central government with the power to regulate commerce, levy taxes, and maintain a national bank.
• He proposed the creation of a national bank to settle the national debt and provide financial stability.
• The bank would manage government finances, issue currency, and provide loans to the government.

Hamilton and Jefferson's Views

• Alexander Hamilton believed the government's greatest asset was its credit and ability to manage debt.
• Thomas Jefferson viewed the common farmer as the backbone of American society.
• Jefferson was opposed to Hamilton's plans for a national bank and believed in limited government intervention in the economy.

National Finances and Trade

• Hamilton proposed tariffs (taxes) on foreign goods to protect American industries and raise revenue.
• Jefferson was opposed to tariffs, believing they would harm American farmers who relied on imports.
• The purpose of the National Bank was to manage government finances, provide loans, and stabilize the economy.

Territorial Expansion and Treaties

• The Treaty of Greenville marked the end of the Northwest Indian War, opening up the Northwest Territory to American settlement.
• The primary purpose of the 20-year charter granted for the bank was to provide financial stability and manage government debt.
• Pinckney's Treaty marked the end of the Spanish-American border dispute, establishing the border between the United States and Spanish Florida.

Government and Politics

• George Washington advised neutrality in the French Revolution, avoiding involvement in European conflicts.
• The significance of the location of the new Capitol was to create a symbol of American power and finance.
• The main leaders of the Federalist Party were Alexander Hamilton, John Adams, and John Jay.

Elections and Supreme Court

• The Election of 1800 marked a significant shift in American politics, with the Democratic-Republicans gaining power.
• The primary concern of President Washington before his retirement was the risk of sectionalism and division.
• The Marbury vs. Madison case established the principle of judicial review, granting the Supreme Court the power to declare laws unconstitutional.

Louisiana Purchase and Exploration

• The outcome of the Louisiana Purchase was the doubling of American territory, providing access to the Mississippi River and new economic opportunities.
• The primary reason for President Jefferson's concern about the Louisiana Purchase was the risk of French and British influence in the region.
• The main objective of the Lewis and Clark expedition was to explore and map the newly acquired territory.

Resolutions and Elections

• The impact of the Kentucky and Virginia resolutions was to establish the principles of state sovereignty and limited government.
• The primary outcome of the Election of 1796 was the victory of John Adams, marking a shift towards Federalist policies.

Test your knowledge of Alexander Hamilton and his impact on national finances with this quiz. Explore his role as the first Secretary of the Treasury, his efforts to establish a national bank, and his strategies for managing national and state debts. Delve into the debates between Federalists and Jeffersonians, and their differing views on the role of the federal government in financial matters.