History 1301 Blinn College (Johnson)
Exam #3 Q&A 100% Solved | Rated A+
Know the pro and con arguments to paying of the National debts as proposed
by Hamilton. - ✔✔Pros:
-Confederation debt be refunded at face value.
-Holders of depreciated Confederation securities could turn them in for new
interest bearing bonds.
-Purpose was to establish and strengthen U.S. credit and therefore creating
foreign and domestic confidence in government.
-Also wished to tie the powerful business and commercial interests.
Cons:
-Would create a moneyed aristocracy commercial and harmful to agriculture
-Would dangerously enlarge powers of national govt. at expense of states.
-Unfairly benefit speculators.
-Most southern sates had liquidated their war debts, like South Carolina.
Why did Hamilton support establishing a national bank? - ✔✔Believed it would:
a. create a sound national currency
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©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
,b. strengthen confidence in financial integrity of U.S.
c. permit and aid stable economic growth
Why did Jefferson and Madison oppose the bank? - ✔✔argued that Bank was
unconstitutional and not among powers awarded by the Constitution - said it
wasn't "necessary" also called it a financial octopus and monopoly that would
destroy the state banks - therefore weakening the states.
Be able to compare and contrast the Federalists and Republican parties using
the chart given in class. - ✔✔Federalists (republican) party: Founded by
Alexander hamilton-
(1) Represented commercial middle class, lawyers, Anglican and Congregational
clergymen, doctors, professors, nationalists
(2) Wanted a diversified economy, government assistance to industry,
commerce, shipping, finance and agriculture. Welcomed industry, urbanism and
organized finance is strengthening the nation. Felt a strong national government
would benefit all classes.
(3) Supported strong centralized government under strong executive and sought
to reduce the power of the states
(4) Believed that people were inclined toward evil and that strong government
was necessary to restrain these tendencies. They sympathized with the wealthy
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©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, classes, did not feel that the people were competent to rule themselves, and
favored rule of an elite (talented and wealthy).
Republican (democratic) Party: Founded by Thomas Jefferson-(1) Represented
small farmers and artisan classes, craftsmen, states rights
(2) Wanted an America of small farmers financially independent, feared
industrialism, urbanism and organized finance as destructive to Republican
government. Wanted an agrarian America in which there would be no extremes
of poverty.
(3) Feared strong centralized government believed that best government was
that which governed least - wanted strong states rights.
(4) Believed in the essential goodness of people, were sympathetic to plight of
debtor classes and were confident that people could best rule themselves.
Who was Citizen Genet and how did he almost get the U.S. into a war. - ✔✔He
was a French statesman who came to America in search of monetary aid. He
asked for private donations to France and recruited American privateers (pirates
plundering for another country).
What was Jay's treaty supposed to get for the U.S. and what were the actual
results? - ✔✔TO SECURE EVACUATION OF NORTHWEST TERRITORY, win
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©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
Exam #3 Q&A 100% Solved | Rated A+
Know the pro and con arguments to paying of the National debts as proposed
by Hamilton. - ✔✔Pros:
-Confederation debt be refunded at face value.
-Holders of depreciated Confederation securities could turn them in for new
interest bearing bonds.
-Purpose was to establish and strengthen U.S. credit and therefore creating
foreign and domestic confidence in government.
-Also wished to tie the powerful business and commercial interests.
Cons:
-Would create a moneyed aristocracy commercial and harmful to agriculture
-Would dangerously enlarge powers of national govt. at expense of states.
-Unfairly benefit speculators.
-Most southern sates had liquidated their war debts, like South Carolina.
Why did Hamilton support establishing a national bank? - ✔✔Believed it would:
a. create a sound national currency
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
,b. strengthen confidence in financial integrity of U.S.
c. permit and aid stable economic growth
Why did Jefferson and Madison oppose the bank? - ✔✔argued that Bank was
unconstitutional and not among powers awarded by the Constitution - said it
wasn't "necessary" also called it a financial octopus and monopoly that would
destroy the state banks - therefore weakening the states.
Be able to compare and contrast the Federalists and Republican parties using
the chart given in class. - ✔✔Federalists (republican) party: Founded by
Alexander hamilton-
(1) Represented commercial middle class, lawyers, Anglican and Congregational
clergymen, doctors, professors, nationalists
(2) Wanted a diversified economy, government assistance to industry,
commerce, shipping, finance and agriculture. Welcomed industry, urbanism and
organized finance is strengthening the nation. Felt a strong national government
would benefit all classes.
(3) Supported strong centralized government under strong executive and sought
to reduce the power of the states
(4) Believed that people were inclined toward evil and that strong government
was necessary to restrain these tendencies. They sympathized with the wealthy
2|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, classes, did not feel that the people were competent to rule themselves, and
favored rule of an elite (talented and wealthy).
Republican (democratic) Party: Founded by Thomas Jefferson-(1) Represented
small farmers and artisan classes, craftsmen, states rights
(2) Wanted an America of small farmers financially independent, feared
industrialism, urbanism and organized finance as destructive to Republican
government. Wanted an agrarian America in which there would be no extremes
of poverty.
(3) Feared strong centralized government believed that best government was
that which governed least - wanted strong states rights.
(4) Believed in the essential goodness of people, were sympathetic to plight of
debtor classes and were confident that people could best rule themselves.
Who was Citizen Genet and how did he almost get the U.S. into a war. - ✔✔He
was a French statesman who came to America in search of monetary aid. He
asked for private donations to France and recruited American privateers (pirates
plundering for another country).
What was Jay's treaty supposed to get for the U.S. and what were the actual
results? - ✔✔TO SECURE EVACUATION OF NORTHWEST TERRITORY, win
3|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
