Significance of major battles (who won and what effect did the battle have on the course of the war-don’t write major…
Alexander Hamilton- Great political leader; youngest and brightest of Federalists; "father of the National Debt"; from New York; became a major general; military genius; Secretary of Treasury; lived from 1755-1804; became Secretary of the Treasury under George Washington in 1789; established plan for economy that went in to affect in 1790 including a tariff that passed in 1789, the assumption of state debts which went into effect in 1790, an excise on different products in 1791, and a plan for a national bank which was approved in 1791; plan to take care of the national debt--a. fund debt at face value, b. assumption of state debts, c. creation of National Bank, D. taxes plan was a success in dealing with the national debt; founded the Federalist Party.…
George Washington was a land survey during the French and Indian Wars, he led the Virginia militia. Twenty years later, when the American Revolution broke out. Washington commanded the Continental armies. In 1776, after blockading Boston, the city was taken from the British. Later, however, Washington yielded New York City to the enemy, he retreated to Pennsylvania. In December, he boosted the sagging morale of his men crossing the Delaware River on Christmas night he attacks Trenton, where Hessians (British allies) were stationed, then went on to defects British army at Princeton. In 1777-1788, the army spent a miserable winter at Valley Forge Pennsylvania. Later, however, it defeated the British at Monmouth, New Jersey. This battle marked…
* To pay for the war taxes were raised, the money supply was expanded, and billions of dollars’ worth of bonds was sold to the public. At the start of the war, the national debt was equal to 3 percent of gross domestic product (GDP); by the end of the war, the national debt was equal to 32 percent of GDP.…
George Washington and Alexander Hamilton the secretary of treasury, and one of the federalist paper writers, knew that the economy could not prosper in the present chaotic atmosphere. Congress told Hamilton to write a report on the economy of the states. Hamilton analyzed in his report, the financial standing of the United States of America, and made a recommendation for the retirement of the national debt. During the American Revolution, the country under the article of confederation acquired a very large debt. America borrowed a lot of money from other European countries, mostly the French and the dutch. Hamilton’s financial plan in 1791, organized the debt in three categories, debt owed to foreign nations, debt owed by the national government to private citizens and debt owed by states to private citizens. Some states were also in debt. Hamilton calls for assumption which means that he wants to assume all the state debt into the national debt. This financial plan made the southerners angry, especially who believed in states rights. Hamilton comes to a compromise with Thomas Jefferson, the secretary of state, in order to get assumption which is what Hamilton’s wants,but Jefferson wants something for the south. The assumption is very controversial because the southern states are starting to become a state right and they are afraid that if you allow the federal government…
It’s George Washington’s character, what he valued, and he is unarguably the best president to hold the United States in his best interest. It’s not just what he did for his country, but the reasoning behind it. He is rightfully known as the Cincinnatus of America (Cincinnatus was a Roman general who defeated his enemies and immediately gave up power instead of becoming king) because he put the United States before himself. This is shown in the fact that he could have served for life with great power, but chose not to. He wanted to see the United States develop correctly, and that could not be done with just one man ruling as king. These decisions show the mind set of a true patriot. At the end of his second term though, he revealed one of the most important documents in the United States. George Washington’s Farewell Address was written because he wanted to warn the people of the United States of various outcomes and what he envisioned the future should behold in its most basic form. The purpose for writing his Farewell Address is to remind the United States to moderate political parties, be suspicious of foreign influence, and be wary of false patriotism. He then explains his action by the principles he lays out throughout the address. He closes on the fact he is excited to join his fellow Americans as a private citizen in this newly founded free government that they have created together.…
The country owed money to foreign nations, citizens and soldiers for their contributions to the war. Washington chose specific advisers known as the president’s Cabinet to help him settle the nation’s issues similarly to these. Alexander Hamilton was elected the nations Secretary of Treasury on September 11, 1789 (Mount Vernon). Hamilton recognized the countries growing national debt and created a controversial plan to improve the economy. Hamilton’s financial plan included the formation of a national bank that would create a more stable currency. In addition to this, Hamilton suggested that the national government should take over the debt of the states to strengthen the financial power of the United States. He also proposed that the United States raise taxes to increase revenue. This idea was adopted by congress as the Excise Act of 1791…
Washington was quoted as saying, “after this is over, I hope you will give yourself no further trouble,” when he was first received in Wall Street. He accepted the immediate celebration, but wanted no more. This implies that in his future, George would do without unnecessary government spending for itself. He would not be led to pride or…
When George Washington decided to step down from presidency at the end of his second term in 1796, he announced his farewell address for the people. During this time, Washington had done many significant things such as being a leader in the revolutionary war and being the first president of the United States. He set a path for the future presidents. This was one of the most important speeches of his and one of the most important speeches in the history of the U.S. He never gave the address as a speech, but it was published in newspapers across the country. In his speech he lectured his decision not to return for the third term and he reflected about the sense of national security and assurance that America was moving forward and There were…
The United States has had 43 different presidents and there has been many good president's that we have learned about through time. The first president of the United States was George Washington and many people liked him for all sorts of reasons but the main reason everyone liked him because he was a good leader. George Washington had his falls just has many other people do because we are only human and he was in charge and had to make some very powerful decisions. Before we get into why George was a good president you should know that he served as a general, commander-in-chief of the colonial armies during the American Revolution. In 1789 he became the first president of the United States and that is what we are here to talk about.…
Washington, already a hero from the Revolutionary War, served a clean presidency with no major blunders or scandals. He rejected monarchical titles when the nation wanted to elect him as “King Washington”, if John Hanson’s government failed. He supported the Bill of Rights, and did not believe in political parties. Both George Washington and John Adams supported broad federalist interpretation of the Constitution, which implied the Consitutition loosesly, establishing things like the Bank of the United States. John Adams, Washington’s successor, served two terms of Vice-President before his presidency. Adams tried to continue Hamilton’s fiscal policies, during his presidency. Policies to set up national credit encourage manufacturing, and make the American currency is stable.…
The importance of George Washington’s presidency is evident in his Farwell address. George Washington wrote the Farwell address as a means to voice his concerns for the nation’s future after he retired the presidency. The main concern Washington had was towards the relationship with foreign countries. He believed that the United States should only be in a commercial or economical alliance with foreign countries, but warns about the dangers of becoming military allied with them. Therefore, he proposes the idea that the United States should engage in a state of neutrality, when it came to establishing military alliances with Europe. This idea became known as the Proclamation of Neutrality 1793. This practice of neutrality would continue until…
He also claims that with a combined national debt American currency would have more value than that of the states, but did not provide any evidence or support this claim. Washington als stated that he would “suppress rebellion peacefully” which as the Commander in Chief he has not shown any signs of doing. His support of Hamilton’s idea of industrializing America is implausible for the states that rely on agriculture and would damage the economy of agrarian states. Lastly, Washington did not defend Hamilton and did not work to defend attacks on the Federalist…
At that time our debt was about 4.6 trillion dollars. Clinton felt like this was a problem and something needed to be done about it. Bill Clinton wanted cut taxes for the middle class. He also wanted to make the rich pay their fair share of taxes. Clinton wanted to make sure that Americans get proper training and retraining for their jobs. This will help us reach a high-skilled, high wage economy. He had an economic plan that had three parts. The three parts were: emphasize education and training, not just to kids but also to adults, give new incentives to the private sector to invest in the economy, and think a lot about organizing to make change our friend instead of our…
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.…
