HY 101 Chapter Notes - Chapter Chapter Ten: Xyz Affair, Proclamation Of Neutrality, Potomac River
Document Summary
The american population was doubling every 25 years in the late 1700s. George washington was unanimously elected as president by the electoral college in 1789. He took the oath of office on april 30, 1789. Washington"s cabinet consisted of: secretary of state thomas jefferson, secretary of the treasury. Alexander hamilton, and secretary of war henry knox. James madison wrote the bill of rights and helped get them passed by congress in 1791. The judiciary act of 1789 created the the federal court system, including the supreme court. It also created the office of attorney general. Alexander hamilton set out to fix the financial system of america. One of his first objectives was to strengthen national credit. In this vein, he pushed for funding at par, which meant that the federal government would pay off its debts at face value plus interest. He also pushed for assumption, in which the federal government would pay states" debts.
