1. THE FIRST TWO-PARTY SYSTEM

2. FOCUS QUESTION Describe the tools people use to determine what political parties stand for:

3. OBJECTIVES: After today’s lesson, you will Describe the positions taken by the first political parties in the U.S. Evaluate the goals of the two parties

4. HAMILTON’S GOALS Hamilton had several strong economic goals: Restore the nation’s credit Stabilize the economy These goals fit with this political goals: Achieve independence from Great Britain Develop an effective system of government Build a modern financial system in the U.S.

5. HAMILTON’S ECONOMIC POLICIES Restore Credit Funding at Par Assumption Develop Revenue Tariff Excise tax on whiskey Manage Money Supply Bank of the United States

6. RESULTS OF HAMILTON’S POLICIES The national economy rebounded Credit was available Trade increased Many profited Profits, however, were largest among the wealthy. As a result, two political parties develop Federalists Democratic-Republicans

7. SUMMARY In a short, two-three sentence response, complete the following: What did you like about today’s lesson? What didn’t you like about today’s lesson?