HIST 105 EXAM 2 TAMU; MCGLONE FINAL EXAM
WITH VERIFIED QUESTIONS AND ANSWERS | NEW
AND UPDATED | GRADED A+
1787 Constitution pt. 3
- States should not be able to print money, wage war, or levy taxes on
imports (Federalist approach)
- Framework for our U.S. Government with 3 branches. "Government by
the people"- Supreme Law of the Land
Political Parties
- Democratic Republicans- include Jefferson, Madison and Monrow
favored southern farmers and liked states
Rights, less power to federal government and strict interpretation of
constitution
- Federalists- included Alexander Hamilton- embraced urban and
commercial growth, finance, banking and
Manufacturing
Smith
- Adam Smith: wealth of nations
- his argued specialization: huge productivity gains
- both sides benefited from trade- not just seller
- Entrepreneurs should be able to compete freely for profits
Ordinances
- 1784-1787: 3 major policies "ordinances" to develop territory west of
the states
- 1784: Jefferson's ordinance - territory population equal in size to
smallest state population qualified for statehood
- 1785: a plan of sales in Northwest territory
- Northwest Territory: chartered a government for NW territory
, Farewell
- 1796 speech by George Washington
- announced his intention not to seek a 3rd term in office
- stressed feds interests and warned the American people to avoid
political factions and foreign entanglements that could sacrifice US
security
Bank
- Hamilton established first national bank
- Mixed private public institution
- there as an opposition led by James Madison and Thomas Jefferson
- Bank of US: established 1791- 20 year charter
Hamilton's Federal Debt Solutions
- said nation needed to pay off their war debts and Fed. Government
should be responsible
- electoral college, senate and president term for life, governors
appointed by the national government
Shays
- armed insurrection of farmers in western mass led by Daniel Shays, a
veteran of the continental army
- to prevent star courts, from foreclosing on debtors unable to pay their
taxes
- rebellion was put down by star militia
- Nationalists used event to justify the calling of constitutional
convention to strengthen the national government
Jay
- Washington sent John Jay to London to prevent a second war between
England
- english would abandon forts on US soil, and pay for damage ships
- Did not work, did not stop them from trading with native Americans
US and France
WITH VERIFIED QUESTIONS AND ANSWERS | NEW
AND UPDATED | GRADED A+
1787 Constitution pt. 3
- States should not be able to print money, wage war, or levy taxes on
imports (Federalist approach)
- Framework for our U.S. Government with 3 branches. "Government by
the people"- Supreme Law of the Land
Political Parties
- Democratic Republicans- include Jefferson, Madison and Monrow
favored southern farmers and liked states
Rights, less power to federal government and strict interpretation of
constitution
- Federalists- included Alexander Hamilton- embraced urban and
commercial growth, finance, banking and
Manufacturing
Smith
- Adam Smith: wealth of nations
- his argued specialization: huge productivity gains
- both sides benefited from trade- not just seller
- Entrepreneurs should be able to compete freely for profits
Ordinances
- 1784-1787: 3 major policies "ordinances" to develop territory west of
the states
- 1784: Jefferson's ordinance - territory population equal in size to
smallest state population qualified for statehood
- 1785: a plan of sales in Northwest territory
- Northwest Territory: chartered a government for NW territory
, Farewell
- 1796 speech by George Washington
- announced his intention not to seek a 3rd term in office
- stressed feds interests and warned the American people to avoid
political factions and foreign entanglements that could sacrifice US
security
Bank
- Hamilton established first national bank
- Mixed private public institution
- there as an opposition led by James Madison and Thomas Jefferson
- Bank of US: established 1791- 20 year charter
Hamilton's Federal Debt Solutions
- said nation needed to pay off their war debts and Fed. Government
should be responsible
- electoral college, senate and president term for life, governors
appointed by the national government
Shays
- armed insurrection of farmers in western mass led by Daniel Shays, a
veteran of the continental army
- to prevent star courts, from foreclosing on debtors unable to pay their
taxes
- rebellion was put down by star militia
- Nationalists used event to justify the calling of constitutional
convention to strengthen the national government
Jay
- Washington sent John Jay to London to prevent a second war between
England
- english would abandon forts on US soil, and pay for damage ships
- Did not work, did not stop them from trading with native Americans
US and France
