The impact of early presidential foreign and economic policies on the growth of the nation.

We have had many great presidents during the early years of the nation. George Washington, Thomas Jefferson, and James Monroe were among them. During the early years of Washington's presidency, the country was in national debt. After the war the country owed masses of money. The country owed $81,497,000, but it was on receiving a total income of $4,419,000. Now, the government borrowed money through bonds. A bond is a certificate that promises to repay the money …

…to put Americans out of business. The tariff greatly raised taxes on imports. Henry Clay wanted to promote economic growth. One of those ideas dealt with a better transportation, so it would be easier and for farmers in the West and South to ship goods to city markets. The Supreme Court declared that only the federal government had the power to regulate interstate commerce, or trade between different states. This decision helped the national economy.