Chapter 12 “I Can Statements # 1-14”

Chapter 12“I Can Statements # 1-14”

Washington takes the oath of office

Washington’s PresidencyReceived all electoral votes Adams (Fed.) becomes VPRemained “neutral” in politics (actually, supported

Federalists)

Total number of cabinet members: 14 2 term presidency: Amendment 22

Presidency

HAMILTON DID TWO THINGS!1. PAY OFF DEBT

2. OPEN A NATIONAL BANK

Capital: Money available for investment

Capitalism: Private enterprise where the government has as little power as possible on business, trade, and manufacturing.

(Supply and Demand)

Important Terms!!

How a bank worksPeople deposit savings in banks and receive interest

Banks loan money to businesses and receive interest.

Businesses use loans o make products for sale and to pay workers’ wages

1. OPEN BOOK TO p. 298 2. PLEASE CROSS OUT THE FOLLOWING

QUESTIONS THAT YOU DO NOT HAVE TO DO!

9,10,11,12 and definition of alien and sedition

3. SHOULD YOU FINISH EARLY CHECK YOUR BINDER FOR MISSING WORK OR EXTRA

CREDIT!

END OF CHAPTER 121-14

CHAPTER TWELVE15-20

Beginnings of Political Parties

Const. does not mention parties

Washington opposed themThese early squabbles created allies and enemies◦Two camps emergeFederalistRepublican (Anti-Federalist)

In early 1790’s French people had launched their own revolution

Major differences between Jefferson and Hamilton led to political parties.

Bloody-The ruling group executed thousands of people including the king and queen

Americans stopped supporting France Washington stayed NEUTRAL!!

Political Parties

Jefferson HAMILTON

SUPPORTED FRANCE DID NOT SUPPORT FRANCE!

No political parties Advice on foreign Policy: relationships with

the governments of other nations. Washington advised to stay NEUTRAL

Farwell Address

Born: in Quincy He was 15 when he went to Harvard Married Abigail Smith His son is John Quincy (6th President) He has been called the unhappiest man who

ever help Presidency He kept Americans from going to war.

John Adams: Second President of the United States

I Can Statements #15-25 What you do NOT complete in class is

HOMEWORK

WHAT NOW?!