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George Washington was unanimously elected as the first President of the United States in 1788. He established important precedents during his first term, including taking the oath of office in New York City and selecting influential cabinet members like Alexander Hamilton. Hamilton implemented a financial plan that established the national bank, mint, and tariffs to fund the new government and assert federal power over the states.
George Washington was unanimously elected as the first President of the United States in 1788. He established important precedents during his first term, including taking the oath of office in New York City and selecting influential cabinet members like Alexander Hamilton. Hamilton implemented a financial plan that established the national bank, mint, and tariffs to fund the new government and assert federal power over the states.
George Washington was unanimously elected as the first President of the United States in 1788. He established important precedents during his first term, including taking the oath of office in New York City and selecting influential cabinet members like Alexander Hamilton. Hamilton implemented a financial plan that established the national bank, mint, and tariffs to fund the new government and assert federal power over the states.
Warm Up Flashback Friday Imagine you are a citizen in America under the Articles of Confederation. Do you support a new constitution or not? Would you prefer a strong, central government or to have the states have more power? Today in History 1777 Washington learns of a conspiracy to discredit him to Congress and replace him with General Horatio Gates. 1941 The Combine Japanese Fleet receive Top- Secret Order #1: Bomb Pearl Harbor, Malaya, Dutch East Indies and the Philippines in 34 days President George Washington 1788 The nation elected Representatives for the House. State legislatures elected Senators and electors for the Electoral College. George Washington was unanimously elected as the nations first president. John Adams was Vice President President George Washington April 30, 1789 Washington was sworn in as president in New York City, the nations first capital. Washington asked to place his hand on a Bible and finished his inauguration saying, so help me God, which has been tradition for every President since. President George Washington Cabinet The presidents advisors that was made up of 5 positions: Vice President Secretary of the Treasury Secretary of State Secretary of War Attorney General President George Washington Early Acts of Congress Judiciary Act of 1789 set up a federal court system. Established a Supreme Court with a Chief Justice and 5 associate judges. John Jay was the first Chief Justice. Established district and circuit courts on both the federal and state levels. President George Washington Early Acts of Congress Patent Rights established a Patent Office to promote inventions and protect private property. A patent is a formal document that gives and inventor exclusive rights to their invention for 17 years. Encourages creativity and contributes to free enterprise system. President George Washington Hamiltons Financial Program Tariffs and Taxes Alexander Hamilton was tasked with setting up the nations financial structure. He devised a plan to pay off debts through the sale of public lands in the West and tariffs on trade. President George Washington Hamiltons Financial Program Tariffs and Taxes in 1791, Congress passed protective tariffs to keep foreign goods out of the U.S. and help American manufacturing. When that didnt raise enough money, Congress passed an excise tax on products produced, sold and consumed within the U.S. President George Washington Hamiltons Financial Program Whiskey Rebellion The first excise tax was placed on whiskey. Western farmers grew a lot of corn which was hard to transport, so it was made into whiskey. They sold this as a part of their income. In 1794, Pennsylvanian farmers rebelled, refusing to pay the tax and threatening tax collectors. President George Washington Hamiltons Financial Program Whiskey Rebellion Washington decided to use force to put down the uprising, and sent 15,000 troops to the area. The rebellion collapsed and confidence in the federal government grew. President George Washington Hamiltons Financial Program National Bank and Mint Hamilton wanted to create a national bank that would keep the gold standard. All paper money had to have silver and gold to back it. The national bank would regulate private banks. President George Washington Hamiltons Financial Program National Bank and Mint Hamilton also convinced Congress to adopt the Mint Act of 1792. The federal government was in charge or printing, or minting, bills and coins as a dependable currency for the country.
Test Bank For Principles of Taxation For Business and Investment Planning 2020 Edition 23rd Edition Sally Jones Shelley Rhoades Catanach Sandra Callaghan