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* * TEKS 8C: Calculate percent composition and empirical and molecular formulas. Washington Administration Discuss how the new government was organized during Washington’s presidency. Explain why the new nation faced an economic crisis. Identify the three parts of Hamilton’s financial plan. Describe how Washington responded to the Whiskey Rebellion. Objectives Terms and People inauguration – a ceremony in which the President takes the oath of office precedent – an example to be followed by others in the future bond – a certificate issued by a government for an amount of money that the government promises to pay back with interest speculator – a person who invests in a risky venture in the hope of making a large profit Terms and People (continued) unconstitutional – contrary to what is permitted by the Constitution tariff – a tax on imported goods How did President Washington set the course for the new nation? President Washington set precedents for the nation by choosing top advisors to form his Cabinet and by establishing the court system. Washington’s inauguration was held on April 30, 1789, in New York City. In April of 1789, George Washington began his term as the first President of the United States. Washington had several reasons to feel anxious as he started his term as President. The country was divided on many issues. His actions would set a precedent. The new nation depended on him. The first job of the President and the Congress was to put a working government in place. Congress passed laws to set up the three departments of the executive branch. Treasury War State Washington appointed four well-known men as his top advisors. This group later became known as the Cabinet. Alexander Hamilton Secretary of the treasury Thomas Jefferson Secretary of state Henry Knox Secretary of war Edmund Randolph Attorney general Washington also set up a judiciary, or court system. Supreme Court Circuit Courts District Courts Washington also faced the challenge of America