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Bell-work 1/23/13 complete a circle map to help define G.W. and his first administration. Your topic goes in the center circle, ideas go on the outside.

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Presentation on theme: "Bell-work 1/23/13 complete a circle map to help define G.W. and his first administration. Your topic goes in the center circle, ideas go on the outside."— Presentation transcript:

1 Bell-work 1/23/13 complete a circle map to help define G.W. and his first administration. Your topic goes in the center circle, ideas go on the outside. Who can get the most?!! EQ: What was Hamilton's Plan to end the Crisis? EQ: How did Hamilton plan to solve the debt issue? Became 1st president in 1789 G.W.

2 Objective: The student will be able to assess the countries first economic crisis and Hamilton's plan for recovery as evidenced by completed Circle Map and Cornell notes Where does this objective fit into the New Republic learning goal scale? What is the difference in complexity between levels 2 and 3 for this objective? TOC: Page 72: The Bank Cornell

3 1. A National Bank A.H. plan to get the nation out of debt was to charter a national bank He believed it would generate revenue and wanted to mimic it after the Bank of England (he was an anglophile…<3 England) Problem is…..Bank of England was notoriously corrupt. Because the private investors were so powerful that they began to fund elections, so rich wealthy men corrupted the government. A.H. believed the bank would provide a safe place to deposit government funds It also would be able to issue paper money that would serve as a national currency

4 A national bank will stimulate the economy and create Credit!
2. Debate over the bank A national bank will stimulate the economy and create Credit! Some, like Thomas Jefferson argued against the bank, believing that the law establishing the bank was unconstitutional Jefferson and Madison argued that no where in the constitution was there a condition allowing Congress to set up a national bank, they said the bank was unconstitutional Jefferson’s view was a strict one of the Constitution, or only permits what the Constitution says word-for-word Hamilton argued for a loose interpretation of the Constitution. He said Article 1, section 8 of the Constitution gave Congress the power to make all laws “Necessary and proper.”

5 2. Debate over the bank In 1791, Congress did pass a law establishing the bank, and Hamilton sways G.W. to sign it (?) The Bank of the US gets a 20 year charter Began with a charter of 10 million in stock (2 million from the Fed. Gov, 8 million from private investors) The bank does create revenue, just not enough to cover the war debt.

6 3. The tariff The last part of Hamilton’s plan to solve the nation’s financial crisis was the tariff It would put a high tax on imported goods It would raise money for the federal government The Tariff was the only part (out of 3) that Congress did not pass, b/c the South opposed it

7 Summarize Hamilton’s financial plan to end the Financial crisis.
Complete your yellow progress chart for objective A What are you going to do to SCALE Everest?

8 Bell-work 1/24/13 Complete a new circle map for A.H. Anything the describes him and his actions as Secretary of Treasury EQ: What was the cause of the Whiskey rebellion? Born in the West Indies A.H.

9 Objective: The student will be able discuss the reasons for the protest over Whiskey and the rebellion that followed with 80% accuracy. Where does this objective belong in the LGS?

10 1. The whiskey rebellion Hamilton proposed a 25% manufacturing tax on whiskey. This was an indirect tax, so everyone paid it Congress passed and imposed a tax on all whiskey made and sold in the US Whiskey was called the Patriotic Drink Farmers growing wheat and corn in Pennsylvania are furious and couldn’t pay the tax Hamilton’s tax would cause a revolt that tested the strength of the new national government

11 1. The whiskey rebellion Many farmers compared the whiskey tax to the hated taxes the English imposed before the Revolution Many farmers organized protest and refused to pay the tax Protestors in western Pennsylvania burned the house of a tax collector and rebelled, this became known as the Whiskey Rebellion G.W. sent 13,000 troops to PN, but they all disbanded before they arrived. It didn’t take much. The rebellion did however test the will and power of the new government. G.W. actions proved no armed rebellions would be tolerated.

12 Tree Maps! A tree map is used for classifying. Today we will be using this map to CLASSIFY George Washington’s first administration. We will be determining the main ideas and details of the administration.

13 Summary and Progress Chart
Summarize and the causes and effects of the Whiskey Rebellion Complete your yellow progress chart for objective B What are you going to do to SCALE Everest?


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