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Chapter 12 “I Can Statements # 1-14”

Chapter 12 “I Can Statements # 1-14”. Washington takes the oath of office. Washington’s Presidency. Received all electoral votes Adams (Fed.) becomes VP Remained “neutral” in politics (actually, supported Federalists). Presidency. Total number of cabinet members: 14

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Chapter 12 “I Can Statements # 1-14”

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  1. Chapter 12“I Can Statements # 1-14”

  2. Washington takes the oath of office

  3. Washington’s Presidency Received all electoral votes Adams (Fed.) becomes VP Remained “neutral” in politics (actually, supported Federalists)

  4. Presidency • Total number of cabinet members: 14 • 2 term presidency: Amendment 22

  5. HAMILTON DID TWO THINGS! • 1. PAY OFF DEBT • 2. OPEN A NATIONAL BANK

  6. Important Terms!! • Capital: Money available for investment • Capitalism: Private enterprise where the government has as little power as possible on business, trade, and manufacturing. (Supply and Demand)

  7. How a bank works People deposit savings in banks and receive interest Banks loan money to businesses and receive interest. Businesses use loans o make products for sale and to pay workers’ wages

  8. END OF CHAPTER 121-14 • 1. OPEN BOOK TO p. 298 • 2. PLEASE CROSS OUT THE FOLLOWING QUESTIONS THAT YOU DO NOT HAVE TO DO! • 9,10,11,12 and definition of alien and sedition • 3. SHOULD YOU FINISH EARLY CHECK YOUR BINDER FOR MISSING WORK OR EXTRA CREDIT!

  9. CHAPTER TWELVE15-20

  10. Beginnings of Political Parties • Const. does not mention parties • Washington opposed them • These early squabbles created allies and enemies • Two camps emerge • Federalist • Republican (Anti-Federalist)

  11. Political Parties • In early 1790’s French people had launched their own revolution • Major differences between Jefferson and Hamilton led to political parties. • Bloody-The ruling group executed thousands of people including the king and queen • Americans stopped supporting France • Washington stayed NEUTRAL!!

  12. Farwell Address • No political parties • Advice on foreign Policy: relationships with the governments of other nations. • Washington advised to stay NEUTRAL

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