Lesson 9-1 Flashcard

Front

What was George Washington's role under the new Constitution?

Back

First President

Answer explanation

George Washington served as the First President under the new Constitution, establishing the role and setting precedents for future leaders. He was not Vice President, Chief Justice, or Secretary of State.

Front

Who was chosen to manage the nation's money at the Department of the Treasury?

Back

Alexander Hamilton

Answer explanation

Alexander Hamilton was appointed as the first Secretary of the Treasury, where he was responsible for managing the nation's finances and establishing a strong economic foundation.

Front

_______are people who risk money in hopes of making a large profit in the future.

Back

Speculators

Answer explanation

Speculators are individuals who invest money with the expectation of significant future returns, making them the correct choice. Capitalists invest in businesses, while tariffs are taxes, and Pendletons are unrelated.

Front

What did the Bill of Rights guarantee?

Back

Civil liberties

Answer explanation

The Bill of Rights guarantees civil liberties, which are fundamental rights and freedoms that protect individuals from government overreach. This includes freedoms such as speech, religion, and assembly.

Front

The government used _____ to borrow money from citizens during the American Revolution.

Back

Bonds

Answer explanation

The government used bonds to borrow money from citizens during the American Revolution. Bonds are debt securities that allow the government to raise funds by promising to pay back the borrowed amount with interest.

Front

Who was the first Chief Justice of the Supreme Court?

Back

John Jay

Answer explanation

John Jay was appointed as the first Chief Justice of the Supreme Court in 1789, serving until 1795. He played a crucial role in establishing the judiciary's authority in the early years of the United States.

Front

Where was the new capital city located after Hamilton's compromise with Southern leaders?

Back

Washington, D.C.

Answer explanation

After Hamilton's compromise with Southern leaders, the new capital city was established in Washington, D.C. This decision was part of a deal to secure Southern support for Hamilton's financial plans.

Front

What did Hamilton argue about paying off the debt as a nation?

Back

It would build national credit.

Answer explanation

Hamilton argued that paying off the national debt would build national credit, enhancing the country's financial reputation and stability, which was crucial for securing future loans and investments.

Front

What was one of the reasons Madison and Jefferson opposed the national bank?

Back

They thought it was unconstitutional.

Answer explanation

Madison and Jefferson opposed the national bank because they believed it was unconstitutional. They argued that the Constitution did not grant the federal government the authority to create a national bank.

Front

What did Hamilton believe high tariffs would accomplish?

Back

Protect American industries

Answer explanation

Hamilton believed high tariffs would protect American industries by making imported goods more expensive, thus encouraging consumers to buy domestically produced products.