The Federalist Era
The Federalist Era
The Federalist Era was a time in our history from 1789 to 1800 when the federal government would confront civil rebellions, threats of recession, international intrigues, and foreign wars. During this time, there were many economic, social, and political problems, as well as conflicts and events that later influenced and impacted future events in U.S history. The economic problem of our national debt, the social problem of the division of the country about slavery, and the many political problems led to the creation of a national bank, the civil war, and prevented a war with Britain. Revenue was the new Federal Government’s most critical need at the time. The U.S had a great amount of debt following the Revolutionary War. Alexander Hamilton, secretary of the treasury, believed in economic improvement through capitalism. He envisioned a limited, yet assertive government that encouraged new fields of expertise, and fostered investment and entrepreneurship. Due to establishment of public credit, flow of capital became greater and Hamilton proceeded to establish the National Bank chartered by Congress. He believed that this National Bank would provide stable and flexible national currency and it would be a source for capital loans. Hamilton’s achieved his goal at creating the National Bank. His achievement revived the economy and established foundations for capitalism. The social problem of slavery during the Federalist Era led to the Civil War. During this time the New England states were developing a manufacturing sector, the Middle states had the most diverse collection of ethnic and religious groups, and the Southern states were mainly agricultural. The roots of the growing divide between the anti-slavery north and the pro-slavery south stem from this era in U.S History. With the invention of the cotton gin; growing cotton became easier and more profitable causing a larger demand for manual labor in the south. The growing divide
The Federalist Era was a time in our history from 1789 to 1800 when the federal government would confront civil rebellions, threats of recession, international intrigues, and foreign wars. During this time, there were many economic, social, and political problems, as well as conflicts and events that later influenced and impacted future events in U.S history. The economic problem of our national debt, the social problem of the division of the country about slavery, and the many political problems led to the creation of a national bank, the civil war, and prevented a war with Britain. Revenue was the new Federal Government’s most critical need at the time. The U.S had a great amount of debt following the Revolutionary War. Alexander Hamilton, secretary of the treasury, believed in economic improvement through capitalism. He envisioned a limited, yet assertive government that encouraged new fields of expertise, and fostered investment and entrepreneurship. Due to establishment of public credit, flow of capital became greater and Hamilton proceeded to establish the National Bank chartered by Congress. He believed that this National Bank would provide stable and flexible national currency and it would be a source for capital loans. Hamilton’s achieved his goal at creating the National Bank. His achievement revived the economy and established foundations for capitalism. The social problem of slavery during the Federalist Era led to the Civil War. During this time the New England states were developing a manufacturing sector, the Middle states had the most diverse collection of ethnic and religious groups, and the Southern states were mainly agricultural. The roots of the growing divide between the anti-slavery north and the pro-slavery south stem from this era in U.S History. With the invention of the cotton gin; growing cotton became easier and more profitable causing a larger demand for manual labor in the south. The growing divide