10684193
Description
Mind Map by Erin Harrison, updated more than 1 year ago
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Created by Erin Harrison
over 6 years ago
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|
Alexander Hamilton, Political Parties
Born
- Alexander Hamilton
- Congress' first real act - two
tariffs on foreign vessels
and foreign imports to fix
debt issue and encourage
domestic production
- first major difference of
opinion was on how to fix
the debt - fell on Alexander
Hamilton's shoulders
- felt that people were
motivated by self-interest
and would do well with a
financial stake in the
government
- plan: issue bonds payable
at a future date, establish
a National Bank, establish
another alcohol tax and
import tax
- many farmers hated the
National Bank and alcohol
tax and felt it favored
industry - the Whiskey
Rebellion was squashed in
1794 by Hamilton himself
- though George Washington
supported Hamilton, he had made
enemies out of Thomas Jefferson
and James Madison, who led a
group in Congress that opposed
him
- though George Washington
supported Hamilton, he had made
enemies out of Thomas Jefferson
and James Madison, who led a
group in Congress that opposed
him
- many farmers hated the
National Bank and alcohol
tax and felt it favored
industry - the Whiskey
Rebellion was squashed in
1794 by Hamilton himself
- plan: issue bonds payable
at a future date, establish
a National Bank, establish
another alcohol tax and
import tax
- felt that people were
motivated by self-interest
and would do well with a
financial stake in the
government
- first major difference of
opinion was on how to fix
the debt - fell on Alexander
Hamilton's shoulders
- Congress' first real act - two
tariffs on foreign vessels
and foreign imports to fix
debt issue and encourage
domestic production
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