Met with harsh criticism from George Washington vetoed.

A key part of Alexander Hamilton's economic plan.

Initially tried, but abandoned under the Monroe Doctrine.

Approved and established only as a publicly owned bank, not privately owned.  

The number of failed small businesses.

Lack of natural resources.

No strong, international trading partners. 

The large amount of war debt.

Gave rise to the first political parties.

Caused Washington to fire Hamilton as the Secretary of the Treasury.

Ignited riots among northern business owners.

Brought federalists and anti-federalists together in agreement to oppose Hamilton's plan.

Southern States, Northern States

Federalists, Democratic-Republicans

Slave Owners, Abolitionists

Labor Union, Business Owners

Alexander Hamilton's economic plan

The Monroe Doctrine

The foreign policy of George Washington

France's appeal to the United States in 1793

"The great rule of conduct for us in regard to foreign nations is in extending our commercial relations [with] foreign nations..."

"it is our true policy to steer clear of permanent alliances with any portion of the foreign world."

"Avoid the accumulation of debt...not ungenerously throwing upon [future generations] the burden, which we ourselves ought to bear."

"as a principle in which the rights and interests of the United States are involved, that the American continents... are the henceforth not to be considered as subjects for future colonization by any European powers."

It gave significant decision making power to the President.

It established teh first case of judicial review in which a law was struck down as unconstitutional.

It created a system of lower courts and weakens the Supreme Court.

State courts were given a higher level of authority than federal courts.

Allowed for slave ownership in territories not yet defined as a "state".

Defined the process for which new states would be admitted to the United States.

Prohibited settlement in this region.

Created a peace treaty with Native Americans

Created a strong political and military alliance with France.

Established a stronger United States presence in world affairs.

Sought to avoid conflicts with European nations.

Communicated teh United States the desire for westward expansion.

The Monroe Doctrine

George Washington's Farewell Address

Proclamation of Neutrality of 1793

Embargo Act of 1807