Final answer:
George Washington is often considered successful in managing domestic and foreign policies, exemplified by his establishment of the national economy and the Jay Treaty to promote peaceful trade with Great Britain.
Step-by-step explanation:
When evaluating the first five presidents of the United States and their success in managing domestic and foreign policies, many historians consider George Washington's presidency to be notably successful. Two prime examples of Washington's leadership and success are the establishment of a coherent national economic system and navigating complex foreign policy issues during a time of nascent international relations.
Domestically, Washington implemented the financial plans devised by his Secretary of the Treasury, Alexander Hamilton, which included the funding of the national debt, assumption of state debts, and the establishment of a national bank. These policies were effective in stabilizing the economy and establishing U.S. fiscal integrity. On the foreign policy front, The Jay Treaty of 1795 exemplifies Washington's diplomatic success. While controversial, it averted war with Great Britain and promoted peaceful trade.
In conclusion, George Washington's enduring legacy of leadership illustrates his success in both foreign and domestic policies, setting a formidable governance model for his successors.