National Debt and Bonds

1. National Debt and Bonds • After the Revolutionary War, the United States was in debt with foreign countries and its own people • The govt. proposed that people buy bonds & they would get their money plus interest back

2. States’ Debts and Moving the Capital • Hamilton wanted the government to pay 21.5 million of this state debt • Southern officials wanted to change the location of the nation’s capital

3. Hamilton’s Plan, National Bank • Alexander Hamilton wanted to create a US National Bank. • The other states wanted to help by building even more Banks with no monopoly.

4. The Neutrality Proclamation • The French wanted a government like the United States. • The United States Stayed Neutral.

5. The Whiskey Rebellion Crushed • The Whiskey Rebellion was when farmers lashed out against a tax on whiskey. • Washington personally led the army against the rebels, who where quickly crushed.

6. Washington Says Farewell • Washington worried about growing political conflicts within the nation • He warned against forming permanent ties with other countries because choosing sides could draw the U.S. into war

7. The Alien and Sedition Acts • Alien Acts- Could expel foreigners for looking suspicious- Made to weaken the Republican party • Sedition Acts- silenced govt. criticism

8. Embargo and Non-Intercourse Acts • The violations of neutrality was when British and French navies impressed U.S. soldiers • The embargo act - banned trade with all countries

9. Call for War, The War Hawks • War Hawks were for the war against Britain and New England Federalists opposed the war. • The War Hawks won the vote, starting war of 1812.