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American History


Written by:

Timothy C


Date added:

March 31, 2012








No of pages / words:

4 / 869


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640 times


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Organized the Supreme court. First Chief Justice - John Jay Alexander Hamilton - "Father of National Debt," eager to shape policies to favor wealthy for economic and political support. Assumed debts of states. Assumption would shift attachment of wealthy creditors from states to government. Debt swelled to 75 mil...
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Debt swelled to 75 mil. Thought a debt was what kept the country together and vitalized the financial system and government. Import and whiskey tariff. Bank of the United States - Private, modeled after Bank of England. Deposit box for government's surplus money. Seen as unconstitutional by Jefferson (strict construction), but seen as proper and necessary by Hamilton(implied powers, loose construction)...
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