QW 9-1-2010

Last night marked a major event in US history. President Obama has officially ended the military campaign in Iraq, how do you think the war will be remembered?

The Rise of Political Parties

A. To decrease the existing debt, left by the Continental Congress, Alexander Hamilton wanted the federal government to take responsibility for the states’ debt and create a national bank.

I. The Rise of Political Parties

Opponents of a national bank said that establishing such a bank was not an enumerated power—a power specifically mentioned in the Constitution.

Alexander Hamilton said the “necessary and proper” clause created implied powers, or powers not listed in the Constitution but necessary for the government to function.

A national bank was needed to collect taxes, regulate trade, and provide for defense.

C. The split in Congress over Hamilton’s financial plan resulted in the formation of two political parties.

D. The Federalists, led by Hamilton, wanted a strong national government in the hands of the wealthy. They believed in manufacturing and trade as the basis of wealth and power. Skilled workers, merchants, manufacturers, and bankers supported the Federalist Party.

E. Madison and Jefferson led the Democratic-Republicans. Their party was referred to as the Republicans. The group supported agriculture over trade and commerce. They favored the rights of states against the power of the federal government. The rural South and West tended to support Republicans.

F. Judicial Review:

The power to decide whether laws passed by Congress were Constitutional and strike down laws that were not

G. In Marbury vs. Madison the Supreme Court asserted its right of Judicial Review. Between 1816 and 1824, Chief Justice of the United States, John Marshall, ruled in several cases. These cases established the power of the federal government over the states.