![Settling the Debt ,[object Object],Secretary of the Treasury Alexander Hamilton](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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US History Ch 10.2
- 1. U.S. History Chapter 10: Launching the New Nation Section 2: Hamilton & National Finances
- 6. Settling the Debt Alexander Hamilton: proposes repaying bonds at full value Thomas Jefferson: Believed idea cheated original bondholders
- 7. U.S. population: 303,716,510 Amt per citizen: $30,150.00 . As of December 5, 2007
- 13. Hamilton vs. Jefferson Alexander Hamilton: Believed in a strong central government Thomas Jefferson: Believed in preserving states’ rights
- 16. Chevrolet Silverado Toyota Tundra $20,000 $18,000
- 17. Chevrolet Silverado Toyota Tundra $20,000 $18,000 + $4,000 tariff = $22,000
- 19. The Debate over the Bank Alexander Hamilton: Proposes a national bank for government to deposit its money Thomas Jefferson: Questioned the authority of the government to establish a national bank
- 21. “ The Congress shall have Power…To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States…” --United States Constitution Article I, Section 8
- 26. Constitution National Bank Tariffs Economy Democracy Bonds Jefferson Hamilton