Key terms 1. Samuel Slatera. was Considered the father of the American Industrial revolution. b.

Went to England and memorized how the factory system worked, and brought the system back to the united states. c. Fabricated the Factory system and ended up owning 13 of his own textile mills. 2. Judiciary act of 1789 a. Made the Supreme Court the judicial power of the united states. b. Opponents had denounced the judicial power as a potential instrument of national tyranny. c. Stated that a state could be sued in federal court by nonresidential, bu t was later repealed 3. Hamiltons report on the public credit a. Hamilton believed that the United States should wed the upper class to the country. b. Believed that the United States should pay the entirety of its national debt. c. Proposed that federal government pa for the state debt remaining from th e Revolutionary War. 4. James Madison a. Insisted that the first eight amendments guarantee personal liberties. b. Elected to the House of Representatives, and was a leader in the draftin g of the Bill of Rights. c. Head off proposals to limit federal power. 5. Hamiltons report on The National Bank. a. Directed money toward projects that would diversify the nation economy t hough a federal bank. b. Hamilton argued that the bank of the United States would cost tax payers nothing and benefit the nation. c. Opponents of the National Bank insisted that the bank would give a small elite group power to influence government and might corrupt the government much lke the bank of England. 6. Hamiltons Report on Manufactures a. Thought that the efficiently run factories in which few mangers supervis ed many would be the standard in the USA. b. Factories would supply employment, promote emigration, and expand applic ations of technology. c. Believes that protective tariffs would keep money within the united stat es, promote U.S products, and create a steady demand for surplus produce of the soil. 7. The Whisky Rebellion a. was caused by a tax Hamilton placed on whisky, hoping to raise revenue and de crease American drinking. b. Farmers rebelled because farmers were forced to ship bulk grain instead of al cohol, which drastically reduced the farmers profit. c. Mobs set buildings on fire and assaulted federal marshals. The rebellion woul d later be stopped by George Washington.

8. Entrepeneurs a. A person selling a product or a service. b. Invested in securities set up by Hamilton, and stocks offered by the national B ank. c. May also be a leader, or main person of a firm or organization. 9. a. b. c. Journeyman were skill craftsmen who dabble in arts such as black smiting. intermediate level between apprentice and Artisan. once an apprentice has mastered his craft, he becomes a journeyman

10. Speculator a. Bought and sold bonds at a profit and often bought many bonds. b. Though speculator took a risk when buying the bonds, many people thought spec ulators were unjust for buying peoples bonds.