Part One

Part One

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  • The First President
  • Financial Crisis
  • $52 million
  • Hamilton's Financial plan
  • I have an idea
  • Pay back all state debt. Create a national bank. Creating high tariffs.
  • This was on the date of April 30, 1789. In New York city George Washington was inaugurated and was President of the United States. 
  • Whiskey Rebellion
  • This is when America had to owe so much debt ($52 million). What made this hard and complicated was because people were buying bonds and then they were selling them for less money.
  • Problems in NW territory 
  • NO
  • Get off the land. This is ours.
  • Hamilton's financial plan was very helpful. There were three parts. The first one was pay back all the state debt so then they don't have to worry about it for a while and don't get even more debt. The second part was he wanted to create a national bank . Then the third part was to place high tariffs on import goods. Which that part did not get passed.
  • French Revolution
  • Congress needed money so they imposed a tax on all whiskey made and sold in the country. So then the farmers that made and sold whiskey protested and refused to pay the tax. So when officials in western pennsylvania went to go collect the tax, a group of farmers rebelled and burn't down a house of a tax collecter. This was the first to test the stregth of the government.
  • The Americans had a treaty that was called the Treaty of Paris and it said the British had to remove all their troops out of the Northwest territory. The problem was they were still there. Also they tried to get the Native Americans off their land by trying to buy it. And then the Battle of Fallen Timbers happened and broke Native American hold on the Northwest Territory.
  • The people of France did not like being treated poorly and the rich get all they want. So the people focused on destroying an unfair class system 
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