Foundations of the United States: Key Decisions and Economic Strategies

In 1789, the US Constitution was ratified, and George Washington became the first president. He appointed Alexander Hamilton as Secretary of the Treasury, who played a crucial role in shaping the nation's economic policies. Hamilton's vision included a unified national currency to stabilize commerce and promote national identity. In 1792, the Coinage Act established the US dollar and a mint. Hamilton's efforts strengthened the federal government and reduced national debt, while the video also touches on the costs of presidential campaigns.

What significant event took place in 1789 concerning the United States?

• The signing of the Declaration of Independence

• The Louisiana Purchase

• The ratification of the Constitution

• The end of the Civil War

Who was unanimously elected as the first president of the United States?

• George Washington

• John Adams

• Thomas Jefferson

• James Madison

Why was Alexander Hamilton chosen as the first Secretary of the Treasury?

• His military experience

• His legal expertise

• His command of economics

• His political connections

What was a key aspect of Hamilton's vision for the United States?

• A decentralized government

• A focus on agriculture

• A unified monetary system

• A strong military presence

What problem did Hamilton aim to solve with a national mint?

• High taxation

• Political instability

• Inconsistent exchange rates

• Lack of infrastructure

What symbol did Hamilton propose to include on the new currency?

• The bald eagle

• The Liberty Bell

• The American flag

• The White House

What was the purpose of the Coinage Act of 1792?

• To regulate trade tariffs

• To establish a national bank

• To fund the military

• To create a new US dollar

What was one of Hamilton's achievements as Secretary of the Treasury?

• Ending the Revolutionary War

• Expanding the US territory

• Establishing the Supreme Court

• Lowering the national debt

What is a significant cost associated with running for president?

• Military expenses

• Travel expenses

• Legal fees

• Healthcare costs

What is one of the challenges mentioned in financing presidential campaigns?

• Lack of public interest

• High advertising costs

• Limited media coverage

• Insufficient candidate experience