Launching+the+Nation

= Chapter 7 Launching the Nation Wednesday, Feb. 16th =


 * Section 1
 * Washington leads a new nation 234


 * Section 2
 * Hamilton and National Finances 238


 * Section 3
 * Challenges for the New Nation 243

= Chapter 7 Launching the Nation Thursday, Feb. 17th =

[|http://ssrdfather6.wikispaces.com/file/view/class+2-17.p]
= Chapter 7 Launching the Nation Friday, Feb. 18th =
 * 1) precedent- Law. A legal decision or form of proceeding serving as an authoritative rule or pattern in future similar or analogous cases.
 * 2) national debt- the financial obligations of a national government resulting from deficit spending.
 * 3) ====== strict construction- interpretation (as of a writing or legislation) based on a literal or technical understanding of the words used ======
 * 4) neutral-a person or a nation that remains neutral, as in a controversy or war.
 * === Washington Leads the NationChapter 7 Section 1 ===

[3][4] Goal: to learn about Washington's life before and after he was president; to learn about the expectations of Americans [4][4]

 * how did your life get affected by being the president
 * how was your life as a kid
 * did u have real teeth

10 facts about George Washington

 * 1. income was from the tabacco that was relied on.
 * 2. george live at a plantation with animals
 * 3. george work by feeding and careing for the animals
 * 4. george moved when he was about 4 years old to mt vernin
 * 5. had a job in the local militia
 * 6. devoted a part of his life to rais his step children
 * 7. gested who stoped at the house would stay there over night usally.
 * 8. meat was salted and kept perseved
 * 9. had many slave and on his will he said that all the slave would be let free
 * 10. was call to lead the colonist in the war and became the president
 * 1) Improve trade
 * 2) protect and keep the econmy stable
 * 3) not to interfer with their daliy lives
 * 4) to help bussinesses
 * 5) merchants wanted simpler trade
 * 6) manufacturers wanted laws to protect them from foreign competitors
 * 7) farmer wanted fair taxt and the right to settle western lands

> b. Martha Washington entertained guests and attended social events with her husband
 * 1) 1a. the electoral college voted for George Washington for president

Words
1.money 2.government spending 3.supply 4.debt 5. taxes notes

NATIONAL DEBT

 * national debt--money owed by the united states
 * bonds-- certificates of debt taht carry a promise to buy back the bond at a higher price
 * Speculators--People who buy items at lower price hoping the value will increase (Bought bonds)
 * $11.7 million owed to foriegn countries & $40.4 million owed to U.S. citizens
 * Hamilton wanted to repay foriegn countries imediatly and gradually repay bonds

STATE DEBT

 * States owed $ 25 million for Revolutionary War expenses.
 * Hamilton wanted federal gov't to pay for $ 21.5 million of the debt, but Southern states thought was unfair because they didn't have any debt and it wouldn't be fair to them.

ECONOMIC PLAN

 * 1. Deal with debt
 * Pay off foreign countries first, then pay bonds back
 * 2. Gain Revenue
 * Pass teriff to both bring in money and help American manufacturers
 * Stabilize the Banking system
 * Create National bank

The Whiskey Rebellion Chapter 7 Section 3 page 247

E [3] U [4] Goal: to learn about the economic problems of Washington's presidency - Whiskey Rebellion E[4] U 4 ) Notes
 * 1) tax on american made wihiskey
 * 2) passed on march 1791
 * 3) hamilton was involed
 * 4) western pennsylvania
 * 5) protest begain in 1792
 * 6) but by 1794 they broke out of the law