HIST 1100 Chapter Notes - Chapter 8: Whiskey Rebellion
Document Summary
Secure antifederalist"s support, but also didn"t want to disrupt the structure of gov"t. Bill focused on human rights w/in the structured gov"t: economy debate, hamilton (treasurer) wanted to fix economy by raising 20977 for current expenses and war debt. Expenses = tax on imported goods/foreign ships: debt = give creditors bonds (pay later) w/ interest, hamilton encouraged est of a national bank. Place gov"t can hold stocks and bonds: gov"t can regulate/coin 20977, pass/collect taxes, recommended subsidizing domestic manufacture, conflict: madison and jefferson believe hamilton"s economy gave too much power to the gov"t. Transitioning society: population, once war ended, pop increased, rural nation--most bought cheap plots of land and set up a farm. Also benefitted gov"t by selling the land: crops from farmers used for trading, wanted to trade internationally, but hard bc most countries had trading partners already tried to trade w asia voyage failed.
