Ch. 8 pp. 252-257 Washington’s Presidency 1789-1797

Do now in your notebook in a complete sentence. Answer the following two questions from Washington’s Final Exit: Why were people afraid that Washington was going to step down after his second term? What reason did Washington give for retiring?

Do Now: Who was George Washington? In your notebook, make a list of everything you already know about George Washington. After you have created this list share it with the person next to you.

Brain Pop! What are some new facts that you learned about George Washington?

Washington Takes Office The 1st president of America– took office on April 30, 1789 Established many precedents (traditions) Inaugural Address 2 terms in office Creation of the cabinet Foreign policy of neutrality *Why are precedents important?

Washington’s Cabinet Secretary of State: Thomas Jefferson Secretary of Treasury: Alexander Hamilton Secretary of War: Henry Knox Attorney General: Edmund Randolph *What is the importance of a cabinet?

*Who is in charge of approving the President’s nomination? Judiciary Act of 1789 Congress needed to decide how to set up the nation’s judicial system – a compromise had to be reached Judiciary Act of 1789: Congress established a federal court system with 13 district courts & 3 circuit courts Washington appointed John Jay as chief justice of the Supreme Court *Who is in charge of approving the President’s nomination?

National Debt: Currently What are some reasons the United States is currently in debt? http://www.usdebtclock.org/ http://www.businessinsider.com/20-reasons-why-the-us-economy-is-dying-and-is-simply-not-going-to-recover-2010-2?op=1

National Debt: After the Revolution Amount of $$$$ owed by the nation’s gov’t– the new nation faced serious financial problems – owed a lot of money! Hamilton was in charge of the economic policies Hamilton’s goal  to improve the gov’t financial situation *Why did the new nation owe so much money?

*Who do you think buys bonds? Bonds – a Certificate issued by the government for an amount of money that the governments promises to pay back, with interest *Who do you think buys bonds?

After the American Revolution…

Hamilton’s Plan The US gov’t would assume all federal & state debts The US government would create a National Bank The government would impose a high tax on imported goods

Hamilton’s Plan (cont’d) Northerners agreed with this, but the Southerners did not. Compromise had to be reached  Southern states decided to support his plan and in return, Hamilton supported locating the nation’s capital in the South *What is the capital of the United States of America?

Hamilton vs. Jefferson http://www.schooltube.com/video/72ef9ea6437248409950/Alexander%20Hamilton%20and%20National%20Bank

National Bank: The Issues Hamilton Jefferson It will help build a strong national economy It will only benefit the wealthy Hamilton argued that Congress still had the power to create a bank (even if it wasn’t stated in the Constitution It is unconstitutional  creation of a national bank was not in the Constitution *Hamilton eventually won the argument when Washington agreed and created a National Bank