Chapter 7: Hamilton vs Jefferson

Many Americans wanted George Washington to be president because he...

• was seen as an honest leader.

• urged them to vote for him.

• passed the Judiciary Act of 1789.

• had a popular wife named Martha.

Washington's group of advisers was known as his

• Supreme Court

• Congress

• Vice President

• cabinet

What department handles relations with other nations?

• State Department

• Treasury Department

• War Department

• Foreign Department

The national debt can best be defined as the amount of money owed

• to the nation by the nation’s citizens and by foreign countries.

• by the nation to foreign countries and the nation’s citizens.

• to the federal government by individual states.

• by the federal government to domestic debtors.

How much did the U.S. owe other countries?

• $25 million

• $11.7 million

• $40.4 million

• $77.1 million

According to Alexander Hamilton's plan what debt would we pay off immediately and what would we pay off gradually?

• Pay foreign debt immediately and the domestic debt (bonds) gradually.

• Pay domestic debt (bonds) immediately and the foreign debt gradually.

• Pay the domestic debt (bonds) immediately and the states debt gradually.

• Pay all debt immediately and none of it gradually.

Why did Jefferson disagree with Hamilton when it came to the debt?

• Jefferson felt it was not necessary to pay of the foreign debt immediately

• Jefferson did wanted to buy off all of the state's debt not just the $21.5 million that Hamilton proposed.

• Jefferson felt it was wrong to cheat the original bondholders that supported the Revolution.

• Jefferson had no issues with Hamilton's plans.

Alexander Hamilton’s ideas for the economy depended on the growth of business and manufacturing , but Thomas Jefferson’s ideas placed greater importance on

• teachers.

• farmers.

• merchants.

• doctors.

How did Hamilton plan to promote manufacturing?

• Low tariffs to protect farmers.

• High tariffs on foreign made goods.

• Have the National Bank give out high interest loans.

• Pay back foreign debt immediately.

Why was Jefferson opposed to the National Bank?

• It was Hamilton's idea.

• The idea did not go far enough to help out new businesses.

• He felt the National Bank would give the federal government too much power.

• He felt that the National Bank would not be secure enough to protect the government's money.