Taxes go to federal bank
US needs federal bank
Developed by Alexander Hamilton
Unifies currency
Good credit/loans
Foreign debt is 11 Million
Domestic debt is 44 Million
Individual State Debt is 25 Million
Bank of US starts Feb, 1941
Charter of the Bank of the US
Thomas Jefferson opposed.
Doesn't say anything about it in Constitution
Hamilton: Yes, implied that Congress could tax and regulate trade
Washington's Cabinet:
Sec of State: T. Jefferson
Sec of Treasury: A. Hamilton
Sec of War: Knox
Whiskey Tax
Stab at Anti Federalists
Whiskey Rebellion, 94
Hamilton went to Pennsylvania to quell uprising
Excise Tax
Adams after Washington, 1 term pres
T. Jefferson after that
The Revolution
French Revolution=Reaction to America
Federalists side w/ Britain
Republicans w/ French
Washington wanted neutrality
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