The politicians of the 1800 's were a whole new breed of men because a centralized government was no longer a threat as the previous generation had experienced (Schultz, Mays, Winfree, 2010). The Democratic-Republican Party, led by Henry Clay and John C. Calhoun, now favored policies that would encourage economic growth other than the agricultural policies of the Jefferson era. The party now wanted to recreate the national banking system, make a national internal improvement, and to raise tariffs on imported goods. The Second National Bank was established in 1816 with the support of Calhoun, the southern and the western congressmen. While northern representatives, New England Federalists, opposed the bank, a reversal of party beliefs.
Although, there was one thing standing in the way, the Anti-Federalists. The Anti-Federalists were people who did not support the Constitution and were against ratifying it. The first states to ratify the Constitution was Delaware, than Pennsylvania, New Jersey, Georgia, and Connecticut followed. Massachusetts opposed the idea of the Constitution, but feared if they didn’t ratify they wouldn’t be in the union. Shortly after Maryland, South Carolina and New Hampshire followed.
In 1791 Hamilton convinced Congress to approve taxes on distilled spirits and carriages. Hamilton 's principal reason for the tax was that he wanted to pay down the national debt, but he justified the tax "more as a measure of social discipline than as a source of revenue." But most importantly, Hamilton "wanted the tax imposed to advance and secure the power of the new federal government." Congress designed the tax so smaller distillers would pay by the gallon, while larger distillers (who could produce in volume) could take advantage of a flat fee. The net result was to affect smaller producers more than larger ones.
The document did not establish a fair government. The Articles of Confederation was the first standard government created in the United States, yet unsuccessful. The Articles failure made it clear that a new government was needed to secure the nation. The
After the American Revolution, the newly formed United States of America was substantially unstable as there was increasing economic and social unrest. The first written documents of constitutional authority were generally weak and ineffective. As a result, there was unrest among the colonists, and this created the urge for a newly reformed government system. The proclaimed Founding Fathers took action and put forward what they thought would be the best remedy to the new nation. Some call the Founding Fathers “democratic reformers”, however, this opinion is overall misguided and uninformed, as the Constitution and the actions taken by the Founding Fathers did not represent the majority of the people in the new nation.
While some Americans thought the Articles of Confederation was good since it waged in a successful war for independence, many Americans concluded that under the Articles of Confederation, there were many issues formed such as providing limited central government, developing many economic problems, and foreign powers. “The framers of the Articles of Confederation kept in mind their complaint against Britain. Parliament had passed laws the colonists considered unfair. The new states did not want to risk giving too much power to a central government far from the people”(Pearson, 206). This shows how the Articles provided a limited central government that lead many Americans to disagree with the Articles of Confederation.
Early America was similar to a small child: it could not always make the best decisions. When America was young, the government made many choices that did not always do good for the common people. Four examples of this were Alexander Hamilton’s economic plan, the Alien and Sedition Acts, Marbury v. Madison, and the War of 1812 (Danzer 184-185, 195, 199, 202-205, History.com 1-3, “Marbury v. Madison (1803)” 1-2) First, Alexander Hamilton’s financial plan almost instantly helped the U.S. government and lots of Northerners (mostly Federalists), but not the Southerners. This financial plan was made to resolve the U.S. debt by lifting the burden from the states and laying it upon the Federal Government. Although this did not affect all U.S. citizens,
It’s hard to defer whether or not John Adams was an effective president because, although many historians believe that Adams was correct in not expanding the naval war with France into a conflict which saved many people’s lives, there were things that he established and believed that completely contradicted the newly established constitution. This could’ve put America into jeopardy. These things included the belief that the executive branch should stand above politics, his agreement to sign the Alien and Sedition Acts, and the fact that mostly of the people in the United States, including his own party, turned away from his ideas, which definitely did not make him the most effective president. Much of Adam’s isolation reflected a well conceived
The Federalists and Anti-Federalists The Federalists were the people who supported and proposed the U.S. Constitution. They had a wish of a stronger national government and were in favor to ratify the U.S. Constitution to manage debt and pressure following the American Revolution. Most of the Federalists lived in the metropolitan areas. The Federalists wanted the government to help regulate the economy because the majority of them dominate big business and arts. They supported the central banking and central financial policies.
His plan to create public credit was key to developing America’s loan prospects, since it was an up and coming nation. The plan highlighted the use of a national banking system similar to that of the bank of England except it was guaranteed to protect American civil liberties. This banking system would eventually lead to the establishment of several other banks creating a more independent
Alexander Hamilton stepped up with a solution that not many favored but was approved of anyway. The first step was to start the first National Credit. His idea also included funded at par, which meant to have the Federal government pay off the debts, then to include a convincing case to for assumption. New taxes were set in place to help pay for debts like tariffs and excise of revenue. Once the first Bank of the United States was created by Congress in 1791, it opened up stock options for public purchased.
Which is why The FDIC (Federal Deposit Insurance Corporation), was created because what the FDIC did was that it protected the money of the customers if it was to ever get lost with a guarantee up to a quarter of a million. This new policy sit well with the American public because it gave them security blanket once again to believe in the banks due to having the promise by the federal government of repaying their money that could be lost. Along with this new policies created with the New Deal, came proponents for economic
He believed that Jackson had no true facts on his assessment, in fact he saw the veto as alarming. In westers view, Jackson was using the constitutional argument to support his own grab for power. The Whigs, that where like the federalists that where years before them, viewed the national bank as both necessary and constitutional. As the jacksonians were evolving democracy of U.S. . .
Federalist leader Alexander Hamilton’s financial plan was fought with opposition from the Republicans. Though Jefferson and Madison opposed, the financial plan was approved by congress. “The central government assumed all debt regulates and the National Bank provides and regulates currency” (Class notes). Taxes were places on imports and whiskey which caused s whiskey rebellion in 1794. “The Federalists saw the economic future in manufacturing, but not political role of “common man.” Little faith in democracy.” “Republicans saw political future of “common man” participating in republic, Faith in the new democracy, but failed to see that farming was not economic future.” (Class notes) Each group had ideas that needed support from one another.