TAMU HIST 105 - HIST 105 6_17_13 (3 pages)

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HIST 105 6_17_13



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HIST 105 6_17_13

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Pages:
3
School:
Texas A&M University
Course:
Hist 105 - History Of The U S

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HIST 105 6 17 13 Federalists v Anti Feds o Federalists supported new constitution o Anti Feds suspicious of central government Pushed for bill of rights In 1792 known as Democratic Republicans o This system vanished by the war of 1812 o Original Federalists George Washington Alexander Hamilton John Adams James Madison switches sides later o Original Anti Feds Thomas Jefferson First election 1788 o Washington believed in no debates but serving peoples will o VP was John Adams o Secretary of Treasury was Alexander Hamilton Autarky o 1775 1814 uncertainty o Self sufficiency refers to economic security o Hamilton Born in Caribbean Father abandoned family he is a self made man Hamilton suggested growth of manufacturing to become self sufficient o Jefferson Ideological leader opposite Hamilton Inherited wealth and preached simplicity Held slaves and spoke against it Promoted Agricultural growth o Support American growth through tariffs o US followed Hamilton s ideas Empress of China o 14 month trip to New York to China and back o Sent alcohol herbs and ginseng o Brought tea cotton and silk o Earned 2000 30 return to ship owners War Bonds o After Revolutionary War several war bonds had been given to other countries o Decision had to be made whether to pay full bonds or partial value o Hamilton suggested pay in full and US did cuz that s how markets work o Also federal government should take on states debts o Establish uniform currency bank of US 80 funded and controlled by private investors Questionable that wealthy decide creation of currency Usury rate interest rate Madison Objected because constitution had no bank Washington Opened bank anyway 3 Capitals o Philadelphia During Articles of Confed o New York o D C cuz Virginia asked for it due to low debt from war French Revolution 1789 o Storming of Bastille 1789 o Era of Terror o Strong support from US for revolution o Later the federalists began to disagree with unorganized revolution o Left and Right in politics came



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