jan 1, 1789 - Federalist Party Founded
Description:
The Federalist Party, referred to as the Pro-Administration party until the 3rd United States Congress as opposed to their opponents in the Anti-Administration party, was the first American political party. It existed from the early 1790s to the 1820s, with their last presidential candidate being fielded in 1816. They appealed to business and to conservatives who favored banks, national over state government, manufacturing, and (in world affairs) preferred Britain and opposed the French Revolution.
The Federalists called for a strong national government that promoted economic growth and fostered friendly relationships with Great Britain as well as opposition to Revolutionary France. The party controlled the federal government until 1801, when it was overwhelmed by the Democratic-Republican opposition led by Thomas Jefferson. The Federalist Party came into being between 1792 and 1794 as a national coalition of bankers and businessmen in support of Alexander Hamilton's fiscal policies. These supporters developed into the organized Federalist Party, which was committed to a fiscally sound and nationalistic government. The only Federalist President was John Adams. George Washington was broadly sympathetic to the Federalist program, but he remained officially non-partisan during his entire presidency.[10]
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History of Leadership In The States
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