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That is why credit matters
Let me explain the two part plan
The cabinet is an advisory council for the president consisting of the heads of the executive departments, the vice president, and a few other officials selected by the president.There were four members of the first cabinet Alexander Hamilton as the secretary of treasury, Thomas Jefferson as the secretary of state, Henry Knox who is the secretary of war and Edmund Randolph who is the attorney general. Southern interests were reflected in Thomas Jefferson's attitudes while Northern interests were reflected in Alexander Hamilton's ideas.
To build a strong economy America needs good credit. The United states has a large war debt. Which needs to be repaid. Because we require a large amount of further development we will need to be able to axes the credit markets. If we want to build roads and bridges we will need money to pay for the construction them. We are a young country that has a bright future.
I am John Jay and I will start the first federal court
To get out of debt I propose that we tax imports from different countries. This is known as a tariff. Tariffs will give us a source of revenue which will allow us to pay the debts we have with the other nations. I also propos that us banks are necessary because it will grow the economy. It will also allow us to store the collected taxes in the bank. The bank will also allow us to have a sustained navy and army. A national bank is necessary for the growth of economy in America.
Many people in the South were upset about the tariffs and the bonds. Many people in the South get their supplies and tools from England which means that they have to pay the tariff. The people in the North do not buy items from different countries which means the tariff does not affect them. Many people in the South where outraged that they had put the tariff into action. The South thought that they had to have a compromise. As a compromise to the tariffs and the bonds they decided to put the capital in the South near Virginia known as washington DC. The tariffs were also decreased. This compromise allowed for a national bank and funding to pay for the national debt and allowed the US to have credit. This made the South happy willing to the idea of the combined bond and the tariffs.
The judiciary act set up the federal court system. This is important because it established the country based on law and not on the will of a king. It allowed for rules that applied to everyone This established a supreme throughout the country. Washington made John Jay serve as the first chief justice judge in the country.
The whiskey tax was planed to make money for the treasury, instead it lead to rebellion that would test the strength of the government. Many of the farmers did not think that it was fair because they made their bulky corn into whiskey. When pennsylvania tried to collect the tax farmers rebelled. Many farmers rebelled and tarred and feathered tax collectors. Washington told the militia to march against the rebellion and it was quickly stopped. The whiskey rebellion was a test and George washington should that violence would not be tolerated.
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