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Date Posted: 22:01:13 09/25/02 Wed
Author: Jordan
Subject: Ch6-Hamilton and The Federalists

I. Federalists and republicans(blue heading)
A.federalists
i.wanted a strong, national government, leaned to Alexander Hamilton as a leader
B. republicans
i. wanted a more modest central government, leaving most of the power to the states and the people, the gathered under the leadership of James Madison and Thomas Jefferson
II. Hamilton and the Federalists(red heading)
A.As a result of George Washington's reluctancy to become involved in the deliberations of congress, Alexander Hamilton(secretary of treasury) became the dominant figure in his administration
i.Hamilton decided that the government shoud pay for the existing public debt
a. he looked to the wealthy classes for money and support
-he did not evision paying off the debt, but simply establish a new and permanant national debt, with new bonds being issued and old ones being paid off.
-he believed that if he could get the crditors(wealty class) to believe in the government, he would see the country survive.
B.Hamilton's report on manufacturing
i.once the natonal debt was assumed, hamilton began looking for new sources of revenue
a.as a revenue source, he enstated a tax on whiskey distillers
b.as the second revenue source he put a tariff on imports
-this was a good idea because it not only raise reveue, but protect american manufacuring from foreign competition.
c.the federalists offered more than just a vision to stabalize the government, they offered a vision of what the nation should be: a nation able to play a prominent role in world economic affars

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