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Notes
Merchants bought up notes issued by the congress or by the states. they weren't as valuable as when they started out but the merchants bought them as an investment to make profit. Government taxed the people to pay the debt. -
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The Debt Problem
The government only recieved $4,419,000 compared to the $81,497,000 it owed. -
President Elected
George Washington was unamiously elected President of the United states by the new electoral college. -
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George washington in office
george washington was in office for 8 years -
Cabinet
A group of federal leaders who headed the major departments of the executive branch and advised the president formed. it was named the presidental cabinet. -
Judiciary Act
This act established structure and jurisdiction of the federal court system and created the position of attorney general -
Capital of America
to get southerners to agree, hamilton promised that in ten years the national capital would move southward to the banks of the Potamic river:between maryland and virginia. -
Implementation of full funding to federal debt
congress approved to pay for the debts by making new taxes, and to create a national bank. -
Britian vs. france to America
britian and france resume war and it was hard for U.S. to stay neutral -
whiskey rebellion
farmers resisted whiskey tax by intimadating and attacking tax collectors
