1. Chapter One: The Duel covers the deadly political and personal rivalry between Aaron Burr and Alexander Hamilton, which ultimately led to the Burr-Hamilton
Chapter Two: The Dinner explores the secret conversations and negotiations leading to selection of the Potomac River site for construction of the new national capital, in exchange for Virginia's support of Hamilton's plan for assumption of state debts by the federal government.
Chapter Three: The Silence describes the tacit agreement by the nation's founders to postpone discussion of regulation of Slavery in the United States, concluding that any early attempt at abolition would doom the union before it had a chance to become established.
Chapter Four: The Farewell dissects the Farewell Address of President George Washington, and Washington's views on the best course for the new nation.
Chapter Five: The Collaborators analyzes two important relationships; the one between John Adams and his wife Abigail during his presidency; and the other between Thomas Jefferson and James Madison during the same time period.
Chapter Six: The Friendship is devoted to the extensive correspondence between Adams and Jefferson during the last fourteen years of their lives, reviving their lost friendship and expounding on their lives.

2. “If you owe the bank thousands, then you have a problem
 “If you owe the bank thousands, then you have a problem. If you owe the bank millions, then the bank has a problem.” 
What does Trump mean?

3. Hamilton’ Economic Plan: DEBT IS GOOD
National debt, "if it is not excessive, will be to us a national blessing.“
How would a national debt, and “line of credit”, increase the power of the federal government?

4. “YEOMEN” (FARMERS), ARTISANS (MIDDLE CLASS)
ISSUE
HAMILTON (FEDERALISTS)
JEFFERSON (DEMOCRAT-REPUBLICANS)
Strong central (federal) government OR state governments?
CENTRAL 
STATES
Nation should be led by what kind of people? (rich, educated elite OR average people- farmers, tradesmen, etc.)
RICH, EDUCATED, ELITE
“YEOMEN” (FARMERS), ARTISANS
(MIDDLE CLASS)
Economy: Commerce and industry OR farming?
 COMMERCE (TRADE)
INDUSTRY!!!
AGRICULTURE 
Support by rich and powerful OR “plain people”
WEALTHY, NORTHERNERS TEND TO SUPPORT
“PLAIN PEOPLE”
(SOUTH, WEST)
Assumption of state debt by the federal government? YES OR NO
(the federal gov’t takes over all states’ debt)
 ASSUMPTION OF DEBT
AGAINST ASSUMPTION
Creation of a National Bank? YES OR NO- why?
YES- NATIONAL BANK
NO!!!! (TOO MUCH POWER; NOT IN CONSTITUTION
Following the Constitution-
Strict construction OR loose construction (interpretation)?
LOOSE CONSTRUCTION
STRICT CONSTRUCTION

5. Hamilton’s Financial Plan Causes Controversy
Goals of Hamilton’s Plan:
Set the nation’s finances in order
Put economy on firm footing
Increase role/ power of the federal government in the economy

6. “ASSUMPTION”: Managing the nation’s debt
What was the problem?
Millions owed by states AND federal government from revolutionary war
money owed to foreign nations and veterans of the Revolutionary War
wealthy (northern) Americans had bought many of the veterans’ bonds

7. “ASSUMPTION”: Managing the nation’s debt
Hamilton’s solution:
ASSUMPTION PLAN- the national government will (assume) take over the states’ debt
Pay off old debt by selling bonds to wealthy Americans

8. Why Is Assumption Controversial?
Democrat Republicans:Assumption increases power of federal government
Wealthy creditors would now be loyal to the FEDERAL GOV’T
Unhealthy alliance between the government and businesses

9. Why Is Assumption Controversial?
Southern States- Assumption is unfair
Most Southern states had paid off their debt. It seemed unfair that they now had to share in
paying off the NATIONAL debt

10. THE COMPROMISE-
Jefferson and Madison agree to assumption in return for the new national capital being
in the south. Washington DC is located in what had been part of VIRGINIA.

11. II. Create a National Bank
Would be funded by the government and private wealthy investors
Print paper money
Handle tax receipts and other government funds
Make loans to encourage business growth

12. Why Is the National Banck Controversial?
IS IT CONSTITUTIONAL?
Democrat-Republicans
Strict construction of the Constitution: If the power is not given to the National government in the Constitution, it is UNconstitutional

13. Federalists-
Loose construction of the Constitution: If the power is not denied in the Constitution, it is Constitutional
Use of the elastic clause: a bank is “necessary and proper” to print money, fund the debt, collect taxes….

14. III. TAXES- needed to pay debt
Protective Tariff- taxes on IMPORTED goods meant to encourage American industry
Benefits industry in NORTH because they raise producers can charge for manufactured goods
Hurts the SOUTH and WEST because they have to buy these goods
Excise tax- tax on a specific product
Tax placed on WHISKEY. Seen as unfair because only one region of the country
THE WEST has to pay to benefit all.

15. Whiskey Rebellion
1794- Farmers in western Pennsylvania harass tax collectors
George Washington leads militia out, quells “rebellion”
Significance: Gov. can, and will, enforce the law

16. George Washington: Federalist or Democrat-Republican?
George Washington sides with Hamilton on most issues and is considered a FEDERALIST
Strengthens federal government during his term in office

17. Health care- Should the government guarantee health care to all citizens in the United States, or should this be left up to the states or private industry?
Government role in the economy: Should the government do more (spend more) to stimulate the economy and create jobs, EVEN IF this means higher taxes and increased debt?
Agriculture: Should the government assist farmers by “subsidizing” crops (giving money to farmers to help them make a profit)?
National Defense- Should the government be given increased powers to better defend the nation against terrorist attacks?
Campaign Finance- Should there be stricter laws about how much money businesses can give to fund politicians’ campaigns to run for office?