US History
Ms. Gonzalez
October 20, 2016
Aim: Why did Hamilton believe there was a need for economic
reform?
Do Now: Read Article I, section 8 of the US Constitution and
respond…
Article I, Section 8
[Congress has the power] To make all Laws which shall be
necessary and proper for carrying into Execution the Powers vested
by this Constitution in the Government of the United States, or in
any Department or Officer thereof.
1. What kind of power does that give our government?
2. Turn & Talk: Think of specific examples.
Notes:
The Elastic Clause:
A statement in the U.S. Constitution (Article I, Section 8)
granting Congress the power to pass all laws it considers
necessary.
When was the Elastic Clause used?
Loose interpretation:
· ________________ and the Federalists ________ the elastic
clause because they believed in a __________ interpretation of the
Constitution.
· Believed in doing things even if they were NOT _________ on
the Constitution.
Strict interpretation:
· ________________ and the Democratic-Republicans ___________
the elastic clause because they believed in a _________
interpretation of the Constitution.
· Believed in ONLY doing the things that were written on the
Constitution.
Hamilton’s Financial Plan:
· Alexander Hamilton was the first secretary of the
________________
· His job was to fix the nation’s ____________ $$$.
Hamilton’s plan involved ___ steps:
1. Paying the ____________
2. Creating a ___________ _______
3. Raising revenue ($$$)
· _______________ ________
· ___________________ ____________
Who did Hamilton’s Plan benefit the most? Why?
Northern industrialist
You manufacture (make) cloth. You are wealthy and your business
brings you more wealth since you sell cloths to other Americans as
well as trade it to other countries.
Does Hamilton’s Plan benefit me?
Yes
No
Why?
Southern Plantation Owners
You own a plantation (large farm) and over 50 slaves. You need
to buy goods from other nations or from the North….
Does Hamilton’s Plan benefit me?
Yes
No
Why?
Northern Financiers
You are a financier, which means that you basically own
banks—you lend money and charge interests and that is how you make
your wealth.
Does Hamilton’s Plan benefit me?
Yes
No
Why?
Western/Appalachian Farmers
You own a small family farm. Due to the geography of your area,
your main crops are grain crops like wheat and corn, which you grow
to distill whiskey. Whiskey is a big source of income for you but
you often have to borrow money from financiers to be able to afford
your small farm.
Does Hamilton’s Plan benefit me?
Yes
No
Why?
Common folk
You do not have money to lend or buy goods to build a factory
.
Does Hamilton’s Plan benefit me?
Yes
No
Why?
