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Q: Critical Period
A: This term applied to those who advocated ratification of the Constitution; they were centralizing nationalists who were convinced that America's survival required the new, stronger government outlined in the Constitution.
Q: Shay's Rebellion
A: In his Report on Public Credit in 1791, Secretary of Treasury Alexander Hamilton recommended that the national debt be funded at par. This meant calling in all outstanding securities and issuing new bonds of the same face value in their place, and establishing an untouchable sinking fund to assure payment of the interest and principal of the new bonds.
Q: Alexander Hamilton
A: During the American Revolution, he helped lead the assault at Yorktown that resulted in a British surrender. In the 1780s, he became a vocal critic of the Articles of Confederation, condemning them for their ineffectiveness. At the Constitutional Convention, he, with such notables as James Madison and Benjamin Franklin pushed for a powerful executive and federal supremacy. He rallied support for the new constitution through writing of several articles that, along with those of Madison and John Jay, became known as the Federalist Papers. With the Constitution ratified and Washington elected, he was appointed secretary of the treasury. As Treasury Secretary, he immediately confronted the main problem facing the new government, namely its finances. In building support for his program, Hamilton created the Federalist Party. In 1804, he was killed in a duel with his political nemesis, Aaron Burr.
Chapter 5: The Federalist Era: Nationalism Triumphant

by kborghoff

37 Questions

1/28/2011

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