DO NOW: Explain the following quote: “I walk on untrodden ground. There is scarcely any part of my conduct that may not hereafter be drawn into precedent” - George Washington

George Washington “I walk on untrodden ground. There is scarcely any part of my conduct that may not hereafter be drawn into precedent”

October 23, 2013 Agenda 1.What was the goal of Hamilton’s financial plan? 2.Explain what critics said about the financial plan. 3.Which foreign policy did Washington follow during his presidency?

10/19/20154 A Presidency of Firsts Precedent: an example for future leaders to follow Many of President Washington’s precedents formed the unwritten constitution –Cabinet: president’s advisors –No Political Parties: advised the nation not to form political parties – 2-term limit: long enough to serve the nation but not to give the appearance of a king

Domestic Policy Hamilton’s Financial Plan Washington asked his Secretary of Treasury Alexander Hamilton to create a plan –Nation needed a plan to pay debts and strengthen the nation’s economy –Combine states’ debts into one national debt –Investors would be more concerned about nation’s survival over individual states 10/19/20155

DOMESTIC POLICY Tariff: tax on imported goods –Government could use the money collected from tariffs to pay debts. –Taxes would not directly be paid by the citizens but the government would still raise money Bank of the United States: created to manage to nation’s financial matters 10/19/20156

DOMESTIC POLICY HAMILTON’S CRITICS Not everyone agreed with Hamilton’s plan Some complained that the plan was too much like Britain’s plan during colonization Some objected to federal involvement in local and state matters 10/19/20157

FOREIGN POLICY Neutrality: not taking sides in a conflict –Oldest foreign policy, lasting until 1916 –Stated in Washington’s Proclamation of Neutrality Jay’s Treaty: Agreement between US and Britain during British war with France –Britain agreed to leave the Northwest Territory and expanded trade –Criticized as a sell out and a betrayal to the Revolutionary War 10/19/20158

In Closing 1.What was the goal of Hamilton’s financial plan? 2.Explain what critics said about the financial plan. 3.Which foreign policy did Washington follow during his presidency?

HOMEWORK: Washington’s Farewell Address Reading