Review Unit 1 and Beginning of Unit 2

What is the purpose of a tariff?

• Evaluate buying habit

• Raise revenue and encourage to buy local products

• Listen to foreign governments

Tariff

• Tax on American made products

• Tax on imported goods

• Tax on everything you buy

Farmers vs. Government

• Alien and Sedition Acts

• French Revolution

• Whiskey Rebellion

Alexander Hamilton's Interpretation of the Constitution

• Strict

• Flexible

• No interpretation

What did Alexander Hamilton want?

• National Bank

• War

• Economic Crisis

Hamilton's Financial Plan had three parts:

• Pay off debt, treaties, war

• Increase debt, decrease revenue, alliance

• Pay off debt, raise revenue, create bank

Who helped the North pay off their war debt?

• The President

• Congress

• The South

What was "moved" as part of a compromise for paying off the debt?

• Nation's Capital

• Nation's Bank

• Fort Custard

Where was the first nation's capital?

• Washington D.C

• Chicago

• New York City

To do what's proper and necessary

• Santa Clause

• Elastic Clause

• Rightful Clause