jan 1, 1834 - Whig Party founded
Description:
The Whig Party is founded by Henry Clay, along with John C. Calhoun and Daniel Webster. The party was composed of various anti-Democratic factions, such as the National Republicans and Anti-Masons. The party supported federal power, as well as the American System, which included tariffs and the National Bank. They were nationalist and industrialist, though supported federal financing of government projects. They believed expansion to be unnecessary. Finally, they believed the power of Congress ought to outweigh the power of the presidency. It was the first party to seriously rival the power of the Democratic Party.
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