Federalist v. democratic republican parties

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Federalist v. democratic republican parties

  1. 1. Political Differences Emerge Hamilton and the federalists • Strong federal government over the states • Loose interpretation of the Constitution – Implied powers • Close ties with Britain Jefferson and the democratic republicans • States rights over the federal government • Strict interpretation of the Constitution • Supported French Revolution
  2. 2. Federalist Beliefs (former Anti-Federalists) Democratic-Republicans Leader Appealed to Alexander Hamilton John Adams Thomas Jefferson James Madison Merchants, wealthy and educated, and city folk Farmers , favored the South and West Ideas of Government Strong government over states Loose Construction of Constitution •Implied powers State’s rights over National Govt. Strict construction of Constitution Domestic Policy Supported National Bank Supported excise tax National debt good for country National govt. assume state debts Tariffs should be high Against National Bank Against excise tax Against National debt States pay their own debts Tariffs should be low Foreign Policy Favored the British Supported French Revolution political Two Political Parties Emerge
  3. 3. Two views of the National Bank Hamilton  Safe place to deposit and transfer money  Create a national currency  National debt is good for the country- money in people’s pockets  Create loans Jefferson • Creating a bank is not an expressed power listed in Constitution • State banks would collapse • Only wealthy could invest • Against a national debt

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