Characterize the "Competing Visions" the Federalists and the Republicans Had

question 50

Essay

Characterize the "competing visions" the Federalists and the Republicans had for the country during the 1790s.Which side do you believe had the better vision,and why?

---

Definitions:

Normal Balance

The side of the account (debit or credit) on which increases to the account are recorded.

Gross Method

An accounting practice where invoice transactions are recorded at their full, or gross, amounts before any discounts are applied.

Periodic Inventory Method

An accounting approach where inventory is physically counted at specific intervals to determine the cost of goods sold.