Hamilton and National Finances

When the government needs money it sells _______, which are certificates of debt that it will buy back in the future for a higher price.

• stocks

• bonds

• pretzels

• tariffs

He was the first Secretary of Treasury and he wanted a strong federal government.

• Alexander Hamilton

• Thomas Jefferson

• George Washington

• John Adams

He was the first Secretary of State and he believed states should be more powerful than the federal government.

• Alexander Hamilton

• Thomas Jefferson

• George Washington

• John Adams

The belief that the federal government can only do specifically what it is written in the Constitution.

• strict construction

• loose construction

• Christianity

• Democrat

A group of people bought up many of the bonds sold during the American Revolution for very little money but later sold them for a big profit.

These people are known as

• speculators

• Democrats

• Republicans

• patriots

What kind of tax on imported goods is supposed to protect American made products?

• tariff

• income

• property

• sales

How did Alexander Hamilton get southern states agree to the creation of a national bank?

• He made a compromise that moved the capital city from New York to Philadelphia to Washington D.C..

• He told Thomas Jefferson he would campaign for him.

• He told George Washington he would campaign for him.

• He told Aaron Burr he would duel against him.

The United States OWES approximately 27 trillion dollars to foreign countries and its own citizens. This makes up much of the

• national debt

• federal budget

• consumer debt

• trade war

This was the capital city for 10 years (1791-1801) while Washington D.C. was being built.

• New York

• Annapolis

• Philadelphia

• Trenton