[291] The Slave Trade Act of 1794, which sharply limited American involvement in the Atlantic slave trade, was also signed by Washington.[292] Congress also acted on February 18, 1791, to admit the free state of Vermont into the Union as the 14th state as of March 4, 1791.[293]

National Bank
The President's House in Philadelphia was Washington's residence from 1790 to 1797 and later the residence of John Adams until construction of the White House was completed in 1800.
Washington's first term was largely devoted to economic concerns, in which Hamilton had devised various plans to address matters.[294] The establishment of public credit became a primary challenge for the federal government.[295] Hamilton submitted a report to a deadlocked Congress, and he, Madison, and Jefferson reached the Compromise of 1790 in which Jefferson agreed to Hamilton's debt proposals in exchange for moving the nation's capital temporarily to Philadelphia and then south near Georgetown on the Potomac River.[284] The terms were legislated in the Funding Act of 1790 and the Residence Act, both of which Washington signed into law. 