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The First President. Unit Four Lesson One ....My VideosAmerican HistoryUnit Four - A New Nation1789__The_First_Year_of_the_New_U_S__Government.asf. www.visitingdc.com. Vocabulary. Cabinet: A group of advisors to the president National Debt: The amount of money a country owes
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The First President Unit Four Lesson One ..\..\My Videos\American History\Unit Four - A New Nation\1789__The_First_Year_of_the_New_U_S__Government.asf www.visitingdc.com
Vocabulary • Cabinet: • A group of advisors to the president • National Debt: • The amount of money a country owes • Unconstitutional: • To go against the constitution • Tariff: • A tax on imported goods
The First Congress • Name the following leaders of our government during this time period. • President: George Washington • Vice President: John Adams • Secretary of States: Thomas Jefferson • Secretary of Treasurer: Alexander Hamilton law.wustl.edu www.visitingdc.com hotlineblog.nationaljournal.com John Adams Alexander Hamilton Thomas Jefferson
Financial Problems • Explain the financial problems facing the United States. • The US’s national debt (money they owed to others) was growing www.barberton.lib.oh.us
Hamilton’s Plan • What was Hamilton’s plan? • National government should pay off states and individual debts • Put in place a National Bank, taxes, and tariffs to help raise money to pay back the debt • Who opposed Hamilton’s plan and why? What compromise was made? • Southern states – because they had less debt than north states • South finally agreed to pass the plan in exchange for the US capital to be moved to the south.