HIST 1103 Lecture Notes - Lecture 8: Whiskey Rebellion, Protectionism, Agrarianism
Document Summary
Politics, economy and culture in the new nation. Washington started the practice of a cabinet. Hamilton"s economic policies set the tone for the american economy: securities: people who buy into the debt and later on would sell it back while collecting interest, bank of the united states. Many were worried that the ones who controlled the bank would also control the politics: protectionism: privileging american made products of british goods. In order to do this, he used tariffs and subsidies. Tariffs: taxes on imported goods: successful president"s would act on these policies. Whiskey rebellion (1792: no blood was shed, yet it was the first time that the federal government showed it had the power and wasn"t afraid to use it. In 1810 there was around 7. 2 million american citizens, with 20% of those being slaves. Americans start to identify regionally rather than by their states. There was a large flood of people to north west.
