Beginning of New Government Part 1

Beginning of New Government Part 1

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  • The First President
  • Financial Crisis
  • How are we going to pay off all this debt?
  • Hamilton's Financial Plan
  • Here's the plan..
  • Inaugurated in 1789, George Washington became the First U.S President. His firm decisions led America to become a great country.
  • Whiskey Rebellion
  • Oh No! My house!
  • The American Revolution led the U.S in debt, the majority of it being from the form of bonds.  Our country owed a total of 52 million dollars.
  • Problems in NW Territory
  • You need to give up this land....
  • When Washington found out about this Financial Crisis, he turned to Alexander Hamilton (the Secretary of Treasury) to help out. Hamilton came up with a plan that had three parts to it. The first plan was to have the Federal Government pay the debt, the second plan was to create a National bank, and hs final plan was to set high tariffs.
  • French Revolution
  • Washington put taxes on all whiskey. Farmers did not approve of this, so they refused to let the tax collector have their money. This plan of theirs didn't work, so they rebelled and burnt down the home of a tax collector.
  • According to the Treaty of Paris, the British promised to withdraw their forts within a reasonable time. However, a decade later, the British were still at the forts supplying Native Americans. The U.S tried to force the Native Americans off their land by buying their lands, but the Native Americans refused to sell.
  • The French Revolution was a watershed event in European history. It began in 1789, when the French citizens razed and redesigned their countries political landscape. It finally ended in the late 1790's with the ascent of the Napoleon Bonaparte.
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