hat were the main goals of shifting from the Articles of Confederation to the W Constitution? ● A : To address political and economic concerns, though some issues remained unresolved. Q: What were the key sectional divides in the early United States? ● A : North vs. South, and sub-regional divides like New England, mid-Atlantic, upper south, and deep south. Q: What were the agrarian and commercial interests in the early US? ● A : Agrarian interests focused on farming in the South, while commercial interests were in the Northeast and mid-Atlantic. Q: What was the debate between diffusion and consolidation of power? ● A : Diffusion favored regional power (states), while consolidation supported a stronger central federal government. Q: What was the significance of Hamilton’s Financial Plan? ● A : It aimed to stabilize national credit by assuming state and national debt, creating a stronger central government with the ability to tax and repay debts. Q: Why did Madison oppose Hamilton’s plan? ● A : Madison believed it favored wealthy speculators and betrayed the spirit of the revolution by creating unfair advantages for the financial elite. Q: How did Hamilton’s plan affect state sovereignty? ● A : It threatened state sovereignty by making states reliant on the federal government for financial stability. Q: What future did agrarians and commercial interests envision for the US? ● A : Agrarians envisioned a nation of farmers, while commercial interests foresaw a commercial empire with strong financial institutions. Q: What unresolved issue lingered after the Constitutional Convention? ● A: Slavery remained unresolved, continuing to be a divisive issue. Q: What was the assumption in Hamilton’s Financial Plan? ● A : The federal government would assume all state and national debt to restore the nation's credit and create a stronger financial foundation. What were the main weaknesses of the Articles of Confederation? ● A : The central government was too weak, lacking the power to tax or enforce laws, which led to economic and political instability. Q: How did war veterans suffer under the economic crisis after the Revolution? ● A : Veterans were often paid in worthless bonds, and speculators took advantage of them by buying their bonds at a fraction of their value. Q: What was Madison’s moral opposition to Hamilton’s plan? ● A : Madison believed that rescuing speculators who bought bonds cheaply was a betrayal of the revolutionary ideals of fairness and virtue. lashcard 1 F Q: Why did Anti-Federalists oppose the new governmentsystem after the Constitution? A: They believed it favored big money interests andwould undermine the common man. lashcard 2 F Q: What were Madison's three proposals for resolvingthe issue of bondholders and veterans? A: . Pay both speculators and original war veterans (impractical). 1 2. Choose one side (speculators or veterans). 3. Develop an equitable scheme to pay both (favored by Madison but difficult). lashcard 3 F Q: What was Hamilton's view on money and capital? A: "Money spread out in the hands of many is justmoney. In the hands of a few who know how to use it, it becomes capital." lashcard 4 F Q: What was the key outcome of theCompromise of 1790? A: Hamilton secured the passage of his financial plan,while Jefferson and Madison got the U.S. capital placed on the Potomac River. lashcard 5 F Q: What was significant about the Quaker petitionin Congress in February 1790? A: It prompted the first public debate on slaveryin the U.S. Congress. lashcard 6 F Q: How didJefferson’s agrarian visiondiffer fromHamilton’s capitalist vision? : Jefferson valued land and agriculture, while Hamilton focused on finance, investment, and A industrial growth. lashcard 7 F Q: How didHamilton’s visionultimately win out overJefferson’sin the 20th century? A: By the early 1900s, the U.S. became a primarilyurban and industrialsociety, embracing Hamilton’s ideas on commerce and finance.
