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American Cincinnatus

American Cincinnatus . Election 1792. George Washington is unanimously reelected to a second term in 1792 He did not want to serve a second term, but the fighting between Jefferson and Hamilton forced him to. A Good Thing Going. President Washington:

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American Cincinnatus

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  1. American Cincinnatus

  2. Election 1792 • George Washington is unanimously reelected to a second term in 1792 • He did not want to serve a second term, but the fighting between Jefferson and Hamilton forced him to

  3. A Good Thing Going • President Washington: • Established the Cabinet of the United States • Signed the Jay Treaty (1795) which averted war with Great Britain and settled lingering issues from the American Revolution • Established the Bank of the United States and the United States Mint • Not bad

  4. Trouble Ahead • Many states are still in debt from the American Revolution • Hamilton proposes assumption: the federal government takes on the debt so all the states can help • But the southern states paid off their debt

  5. The Deal • With Washington’s blessing, James Madison brokers a deal between Jefferson and Hamilton • Southern states accept assumption and agree to help pay off the debt • In exchange, a new permanent national capital city will be built in the south • Washington already has a place scouted on the Maryland-Virginia border near the Potomac River

  6. Hail and Farewell • Although he could have won if he had campaigned, Washington refused to run for a third term • Washington elected to retire to Mount Vernon after two terms as president

  7. The Farewell Address • Washington’s Farewell Address: • Urged Americans to stay out of foreign alliances and pursue a policy of isolationism • Warned Americans against political parties • Washington’s Farewell Address was his parting advice to the nation after 20 years of leadership

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