Transcript National Debt and Bonds

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

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

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.

The Neutrality Proclamation
The French wanted a
government like the
United States.
 The United States
Stayed Neutral.

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.

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

The Alien and Sedition Acts
Alien Acts- Could expel foreigners for looking
suspicious- Made to weaken the Republican
party
 Sedition Acts- silenced govt. criticism

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

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.
