COPY: 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.