Launching a New Nation (CH 7 :1 & 7:2)

Under Washington's Presidency, Secretary of Treasury Alexander Hamilton’s main source of government revenue (money) was

•  income taxes
• tariffs
• donations
• interest from loans

Which of the following encouraged Americans to buy American-made goods

• high interest rates 
• national banks
• public debt
• tariffs on imports

People who buy items at low prices and hope to sell them for a profit are called? Hamilton's "Brother-in-law" allegedly was this 

• Investors
• Representatives
• Bondholders
• Speculators

The electoral college is a 

• School for the advanced study of voting practices and political campaigning.
• Group of voters hand-picked for cabinet positions by the president-elect.
• Name given to all voters who cast ballots in presidential elections.
• Body of delegates from each state that casts the deciding votes for presidents.

What did Thomas Jefferson (and other anti-federalists) think about Hamilton's plan for a national bank?

• They recognized that it was an excellent plan that would help the country prosper.
• They disliked it, saying that since the Constitution did not specifically allow the federal government to do this.
• They were unconcerned since it was not a states' rights issue.
• They did not agree with it because they thought it violated the Bill of Rights.

What part of Hamilton's financial plan for the nation was NOT put into action and why?

• The high tariff because it was not fair to women.
• Establishing a national bank because it was not part of the Constitution.
• Repayment by the federal government of all state and federal debts because the federal government couldn't tax.
• The high tariff on imported goods because it hit Southerners harder since they imported more goods.

The Democratic Republicans were founded based on the views of ____________?

• Thomas Jefferson
• Alexander Hamilton
• George Washinton
• John Marshall

Who wanted a strong national government?

• Federalists
• Democratic Republicans

Who did NOT support the National Bank?

• Federalists
• Democratic Republicans

Who had a strict interpretation of the Constitution?

• Federalists
• Democratic Republicans