First American Party System (jan 1, 1796 – jan 1, 1815)

Description:

The First American Party System consisted of the Federalist Party (founded by Alexander Hamilton, supported by John Jay, John Adams, and John Marshall) and the Democratic-Republican Party (founded by Thomas Jefferson, supported by James Madison). The Federalist opposition was formally the Republican Party but was called Democratic-Republicans by the Federalists to compare them with France's radical democracy. They remained as the dominant powers in US politics until 1815, when the Federalists disbanded.

Federalist Party
-1 president
-rule by the elites
-anti-expansion of suffrage
-powerful central government
-loose constructionist interpretation of the Constitution
-government should foster business
-protective tariffs
-pro-British
-believed the national debt to be a blessing
-expanding bureaucracy
-powerful central bank
-restrictions on free speech/press
-supporters were mainly along the coast and in New England
-strong navy

(Jeffersonian) Democratic-Republican Party
-2 presidents
-rule by the "informed masses"
-pro-expansion of suffrage
-strong state governments
-strict constructionist interpretation of the Constitution
-favored agriculture
-no favors for manufacturers
-pro-French
-believed the national debt to be a curse
-reduction of federal officeholders
-encouraged state banks
-relatively free speech/press
-supporters were mainly in the South
-small navy

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7 Apr 2019

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