Federalists vs. Democratic Republicans
Federalists – Leaders: Alexander Hamilton – George Washington’s Secretary of the Treasury
Federalist Beliefs: Strong National Bank – to handle Nations Debts. Protective Tariff to protect American manufacturing. Help the British because we trade with them a lot and they help our economy.
Federalist Beliefs – Continued: We need a strong federal government – it worked well for Britain. Loose Interpretation of the Constitution to help with the power of the Federal Gov. Rule by the rich – because others don’t understand the complexity of Government.
Democratic Republican Leader – Thomas Jefferson George Washington’s Secretary of State.
Democratic Republicans – Beliefs: No National Bank – This would only benefit the rich. No tariffs – this helps with free trade and lower prices. Help the French – they helped us during the Revolutionary War!
Democratic Republicans Beliefs – Cont. Weak Central Government – A strong central government will endanger people’s freedom! Strict Interpretation of the Constitution – limit the power of the Federal Gov. People should participate in government rather than rule by the rich and the few.