1. Washington Takes Office
Washington’s Cabinet of Advisors

2. The First President
After Washington took office, Congress passed laws to help him manage the executive branch
This included 3 new departments:
Department of State
Department of the Treasury
Department of War

3. Washington’s Secretaries
Secretary of State – Thomas Jefferson
Secretary of War – Henry Knox
Secretary of the Treasury–
Alexander Hamilton

4. The Nation’s First Economic Crisis
Money the U.S Owed: $81.5 Million
Money the U.S Receives: $4.4 Million
The U.S owed a lot of money to American and foreign bond holders
Many Americans lost money after selling the bonds to speculators
The U.S had no real way to pay its debt

5. Hamilton’s Financial Plan
Alexander Hamilton came up with a 3 step plan to solve the U.S financial problems:
1. The U.S government would assume all federal and state debt to pay it off
2. The U.S would create a national bank for depositing government funds
3. The government would impose high tariffs

6. The Whiskey Rebellion
To make more money, Hamilton suggests a new tax on whiskey
Farmers are outraged, say the tax is just like Great Britain
Farmers in Pennsylvania rose up in a rebellion
Washington sent in 13,000 militia men to put down the “Whiskey Rebellion”
Washington exercised strong executive power