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Presidency of John Adams

Out of Many AP Edition Chapter 8 Class Notes

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Chapter 8: The New Nation The Crisis of the 1780s Economic Crisis Origins in the Revolution: ? shortage of goods resulting from the British Blockade ? demand for supplies by the army and the militias ? flood of paper currency resulting in inflation U.S. dollar compared to the Spanish dollar Most of the money ended up in the hands of merchants U.S. continued to be a supplier of raw materials and an importer of manufactured products especially from Great Britain British merchants began a major trade with Americans ??? Resulting in ??? exportable goods reduced by fighting ??? trade deficit rose ?????? Left the country with little sliver coin (currency) in circulation ???????????? Banks insisted on repayment of old loans 1784- country in deep economic depression

John Adams

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Key Terms , People & Events: French angry by Jay?s Treaty X, Y, Z affair Quasi-War Alien and Sedition Acts Republicans The Alien Act Alien Enemies Act Federalists divided States? Rights The press in politics Vice President (s): Thomas Jefferson # 2 John Adams 1797-1801 Federalist Events Leading Up to Presidency: Vice President under George Washington; active member of the First and Second Continental Congress Domestic Split Party Views Foreign Affairs Political Different political parties begin forming during Adam?s presidency French were angry by the Jay?s Treaty; seized more than 300 American trading ships Republicans: headed by Thomas Jefferson; opposition to financial and diplomatic policies
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