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Chapter 6 PPT 2017
Chapter 6 PPT 2017
• 2 major “achievements”
• Ratified the Bill of Rights
• Judiciary Act of 1789: organized the judicial
branch, creating a 6-person Supreme Court,
district courts, and appeals courts
• John Jay: 1st Chief Justice
Settling the Nation’s Debts
Hamilton’s Economic Plan
• Gov’t owed money from American Revolution
• Plan for Economy had three parts and was
designed to make the nation strong
economically
1. Pay the National Debt: both debt by Continental
Congress and each of the states
2. Tariff of 1789 and excise tax to pay off the debt
3. Create a national Bank to standardize banking and
print money
Opposition and Compromise
• There is opposition in the South to paying off debts
of all states (a lot of Southern states had paid all or
most of their debt, so this benefits the North)
• Also opposition to taxation (Tariff taxed imported
goods; excise tax taxed domestic luxury goods like
snuff and liquor…not all products)
• Opposed to bank…is it Constitutional?!?!
• Agreement in Congress to move capital from NYC
to modern Washington DC to make South happy
Debating a National Bank
Interpreting the Constitution
• There are 2 ways to interpret (read) the
Constitution:
• Strict interpretation: the government should
only do what the Constitution specifically
states it can do (i.e. raise an army)
• Loose interpretation: the government can take
reasonable actions that are not outlined in the
Constitution as long as they are not prohibited
(“necessary and proper”)
Debating the Bank