2. George Washington, President 1788-1796 John Adams, Vice President Alexander Hamilton, Secretary of Treasury Thomas Jefferson, Secretary of State

3. Refinance nation’s debt National government to assume state debt Guarantees to pay interest on debt Tariffs on imports National Bank Philadelphia, 1791 Loose interpretation of Constitution “implied powers” “necessary and proper”

4. First located in New York City, 1785-1790 Second location in Philadelphia, 1790-1800 Hamilton proposes a port city Jefferson and Madison opposed Capital located between Virginia & Maryland

5. Aligned with James Madison Believes Hamilton biased toward wealthy Faith in the American farmer Strict interpretation of the Constitution

7. Federalists Supported Hamilton Northerners Party of elitists Democratic Republicans Supported Jefferson Southerners Party of the people

8. Opposition to Hamilton’s policies Tax on whiskey Violent attacks by corn farmers Washington ends the rebellion Tax repealed, 1803

9. French Revolution, 1789-1799 Jefferson supported rebels Hamilton supported the crown Washington decides upon neutrality and isolation Troubles with Britain Occupation of the Old Northwest Arming Indians Interference with U.S. Navy

10. John Jay, negotiated with Britain No compensation for freed slaves U.S. trade with West Indies Removal of British troops Damages paid for U.S. ships Opposes trade with France

11. Hamilton supported treaty Jefferson opposed treaty Washington endorsed it Executive Privilege Popular backlash against treaty “There shall be a firm inviolable and universal Peace, and a true and sincere Friendship between His Britannick Majesty, His Heirs and Successors, and the United States of America”

12. Elected 1796 First to live in the White House Quasi-War with France, 1798-1800 XYZ Affair Convention of 1800

13. Alien & Sedition Act, 1798 Virginia and Kentucky Resolution Written by Jefferson & Madison Issue of “states’ rights”

15. Judiciary Act, 1801 John Marshall First peaceful (though ungraceful) transfer of power from one political party to another

16. Key terms: George Washington, John Adams, Alexander Hamilton, Thomas Jefferson, National Bank, Federalists, Democratic Republicans, Whiskey Rebellion, French Revolution, Jay Treaty, Quasi-War, Alien & Sedition Acts, Virginia and Kentucky Resolution, John Marshall