Early Republic [Bundle Review]

Monroe Doctrine

an American foreign policy opposing interference in the Western hemisphere from European powers

precedent

an example that may serve as a basis for imitation or later action

What were the 3 parts of Hamilton's Financial Plan?

Establish the National Bank

Pass an import tariff

Pay off state and federal debts

What was Hamilton's Financial Plan meant to deal with?

war debt from the American Revolution

What was Washington's response to the Whiskey Rebellion?

shows authority and leads a militia to stop the rebellion

Washington's Neutrality Proclamation

Washington's declaration that the U.S. would not take sides in the French Revolution.

2 Suggestions Washington gave in his Farewell Address

US shouldn't have political parties

Avoid foreign political entanglements

Democratic-Republican

Founded by Thomas Jefferson

Feared a strong central government

Were against the First Bank of the US

Found most of their support in the South

Federalists

Founded by Alexander Hamilton

Favored a strong central government

Were in favor of the National Bank

Found most of their support in the northeast

American Free Enterprise System

the government has very little control of the market

5 Pillars of Capitalism

1. Economic Freedom

2. Competition.

3. Private Property.

4. Profit Motive.

5. Consumer Power

Louisiana Purchase

1803 purchase of the Louisiana territory from France. Made by Jefferson, this doubled the size of the US.

Reason for Louisiana Purchase

Jefferson wanted the Mississippi River to port in New Orleans for farmers to sell their crops.

Causes of the War of 1812

-British backing Native Americans in the Northwest Territory

-British restrictions on American trade and impressment of American sailors

Significant Event of War of 1812

British set fire to White House

Economic Effects of the War of 1812

British supply of goods to America decrease.

America is forced to manufacture their own goods leading to an economic boom.

Star-Spangled Banner

written by Francis Scott Key in Baltimore when the British bombed Ft. McHenry

Purpose of a protective tariff

To raise the price of foreign made goods to benefit US manufacturing

John Marshall

Chief Justice of the Supreme Court whose court's decisions made the federal government more powerful

Marbury v. Madison

this case establishes the Supreme Court's power of Judicial Review

Era of Good Feeling

Period after the War of 1812 that was defined by a strong economy and a strong sense of nationalism.

Early Republic Presidents in Order

Washington, Adams, Jefferson, Madison, Monroe

John Adams

-delegate to the 2 Continental Congresses

-diplomat during the Revolution

-negotiated the Treaty of Paris

-2nd president of the US

Main Reason Political Parties Formed

disagreements over the establishment of the First Bank of the United States

Major Issues of the Washington Presidency

-economic struggles because of war debt

-the Whiskey Rebellion

-establishing precedents for a new government

Foreign Policies of the Early Republic

-Washington's Neutrality Proclamation

-Adam's Alien Act

-Jefferson's Embargo Act

-Monroe's Doctrine

Judicial Review

Allows the court to determine if laws are constitutional

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