Final answer:
Washington's administration set precedents in areas such as delivering a State of the Union address and establishing the first presidential cabinet. The creation of the Bank of the United States contributed to a sound financial structure with its role in promoting economic stability and managing the nation's debt.
Step-by-step explanation:
During Washington's administration, several precedents were set that shaped the future of the United States. For example, Washington established the practice of delivering a State of the Union address to Congress, which is now a tradition followed by every president. Additionally, he formed the first presidential cabinet, consisting of key advisors to assist him in making decisions.
In terms of creating a sound financial structure, one of Washington's most significant actions was the establishment of the Bank of the United States. This central bank helped stabilize the economy by promoting economic growth, facilitating commerce, and providing a stable currency. The bank also played a crucial role in managing the nation's debt.
Learn more about Washington's administration and its impact on setting precedents and establishing a sound financial structure