Difference between revisions of "Federalist Party"

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| caption = Photographic reproduction of a print depicting Arthur St. Clair (1736-1818), who served as the territorial governor of the Northwest Territory from 1788 to 1802.
 
| caption = Photographic reproduction of a print depicting Arthur St. Clair (1736-1818), who served as the territorial governor of the Northwest Territory from 1788 to 1802.
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<p>The Federalist Party was one of the first two political parties in United States history.</p>
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<p>The Federalist Party was one of the first two political parties in U.S history. During the administration of President George Washington, Alexander Hamilton, the first Secretary of the Treasury, gained followers for his fiscal policies. Hamilton and his associates, typically urban bankers and businessmen, then formed the Federalist Party to promote their shared political ideas. Federalists believed in a centralized national government with strong fiscal roots. In addition, the Federalists felt that the Constitution was open for interpretation. In other words, Federalists believed that there were unmentioned rights belonging to the federal government, and therefore the government had the right to adopt additional powers.</p><p>Hamilton’s primary concern was the economy; he supported tariffs, a solid relationship with Great Britain, and, above all, a national bank. His banking policies came together with the formation of the Bank of the United States. The purpose of a national bank was to provide loans to businessmen to give them a reason them to invest in industry. At the time, the United States had an agricultural economy, while England and France were industrialized. The Federalists sought to diversify the economy so that the country could compete with these European powers, and the loans promoted business. As well, the bank was responsible for controlling inflation by limiting the amount of money that the federal government issued. This created both a stable currency and encouraged investment. </p><p>Hamilton believed that only the wealthiest and most educated white men should govern the country. He feared that working-class citizens would be corrupted by greed if they were to be responsible for finances. This was one characteristic that influenced the Federalists to mold themselves after England. The other was the aforementioned desire to become industrialized.</p><p>John Adams was the only Federalist President. George Washington never joined a political party, but his decisions while president usually favored the Federalists. The party ceased to exist at the end of the War of 1812. Numerous Federalists opposed the war because many of these men earned their living through trade. The conflict hampered the Federalists' ability to exchange with England. Tensions increased so much so that by 1814, some Federalists in New England threatened to secede from the United States to form their own country unless the American government immediately sought peace. With the signing of the Treaty of Ghent in 1814 and the end of the War of 1812, many Americans viewed the Federalists as traitors. The Federalist Party collapsed, leaving the Democratic-Republican Party as the only political party in the United States until the mid-1820s.</p><p>The Federalist Party was the strongest political party in the Northwest Territory prior to statehood. Arthur St. Clair, governor of the Northwest Territory, actively sought to secure Federalist dominance of the government. For example, he felt that Ohio should be split into two states, that way the Federalists dominated both. By 1803, the Democratic-Republican Party, however, had emerged as the dominant force in the Ohio government. This is evident in the Ohio Constitution of 1803, which established a relatively weak government, with the legislative branch holding most of the power. Most of Ohio's earliest political officials were Democratic-Republicans, including Thomas Worthington, one of Ohio's first two United States senators.</p>
<p>During the administration of President George Washington, Alexander Hamilton was the first Secretary of the Treasury. Hamilton and several of his friends and associates formed the Federalist Party to promote their political ideas. Federalists believed in a strong national government. They said that the Constitution was a &quot;loose&quot; document that did not define all of the powers that the federal government should have. The government had the right to adopt additional powers to fulfill its duties under the Constitution.</p>  
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<p>Hamilton was most concerned with the economy. He took many actions that his critics claimed were unconstitutional. Chief among these was the formation of the Bank of the United States. Federalists wanted a diverse economy. The United States at this time was a land of farmers. England and France were quite powerful industrial countries. The Federalists believed America needed to adopt a similar economy. The Bank of the United States would provide loans to businessmen to assist them in industrialization. The bank also was responsible for controlling inflation by limiting the amount of money that the federal government issued. This would create a stable currency for the United States and encourage investment in business.</p>  
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<p>Hamilton believed that only the wealthiest and most educated white men should rule in America. If working-class or even middle-class people came to power, greed might corrupt them. Hamilton and the Federalist Party wanted to model themselves after England, both economically and politically. They wanted to become industrialized and to allow only the most educated and wealthy people to rule.</p>  
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<p>John Adams was the only Federalist President. George Washington never joined a political party, but his decisions while president usually favored the Federalist Party. </p>
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<p>The Federalist Party ceased to exist at the end of the War of 1812. Some Federalists opposed the war. Many of these men earned their living through trade. The conflict hampered the Federalists' ability to trade with England. In 1814, some Federalists in New England said they might break away from the United States and form their own country unless the American government immediately sought peace. With the signing of the Treaty of Ghent in 1814 and the end of the War of 1812, many Americans viewed the Federalists as traitors. The Federalist Party collapsed, leaving the Democratic-Republican Party as the only political party in the United States until the mid 1820s.</p>  
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<p>The Federalist Party was the strongest political party in the Northwest Territory prior to statehood. Arthur St. Clair, governor of the Northwest Territory, actively sought to secure Federalist dominance of the government. By 1803, the Democratic-Republican Party, however, had emerged as the dominant force in the Ohio government. This is evident in the Ohio Constitution of 1803, which established a relatively weak government, with the legislative branch holding most of the power. Most of Ohio's earliest political officials were Democratic-Republicans, including Thomas Worthington, one of Ohio's first two United States Senators.</p>
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==See Also==
 
==See Also==
 
<div class="seeAlsoText">
 
<div class="seeAlsoText">
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*[[Northwest Territory]]
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*[[Osborn v. Bank of the United States]]
 
*[[Bank of the United States]]
 
*[[Bank of the United States]]
 
*[[Democratic-Republican Party]]
 
*[[Democratic-Republican Party]]
*[[Northwest Territory]]
 
 
*[[Ohio]]
 
*[[Ohio]]
*[[Ohio Constitution of 1803]]
 
*[[Osborn v. Bank of the United States]]
 
 
*[[Arthur St. Clair]]
 
*[[Arthur St. Clair]]
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*[[Ohio Constitution of 1803]]
 
*[[Thomas Worthington]]
 
*[[Thomas Worthington]]
 
</div>
 
</div>
[[Category:History Organizations]][[Category:Exploration To Statehood]]
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[[Category:History Organizations]][[Category:Exploration To Statehood]][[Category:Government and Politics]][[Category:Statehood]][[Category:Frontier Ohio]]
[[Category:Frontier Ohio]]
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[[Category:Government and Politics]]
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[[Category:Statehood]]
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Latest revision as of 16:15, 15 December 2015

St. Clair, Arthur Print.jpg
Photographic reproduction of a print depicting Arthur St. Clair (1736-1818), who served as the territorial governor of the Northwest Territory from 1788 to 1802.

The Federalist Party was one of the first two political parties in U.S history. During the administration of President George Washington, Alexander Hamilton, the first Secretary of the Treasury, gained followers for his fiscal policies. Hamilton and his associates, typically urban bankers and businessmen, then formed the Federalist Party to promote their shared political ideas. Federalists believed in a centralized national government with strong fiscal roots. In addition, the Federalists felt that the Constitution was open for interpretation. In other words, Federalists believed that there were unmentioned rights belonging to the federal government, and therefore the government had the right to adopt additional powers.

Hamilton’s primary concern was the economy; he supported tariffs, a solid relationship with Great Britain, and, above all, a national bank. His banking policies came together with the formation of the Bank of the United States. The purpose of a national bank was to provide loans to businessmen to give them a reason them to invest in industry. At the time, the United States had an agricultural economy, while England and France were industrialized. The Federalists sought to diversify the economy so that the country could compete with these European powers, and the loans promoted business. As well, the bank was responsible for controlling inflation by limiting the amount of money that the federal government issued. This created both a stable currency and encouraged investment.

Hamilton believed that only the wealthiest and most educated white men should govern the country. He feared that working-class citizens would be corrupted by greed if they were to be responsible for finances. This was one characteristic that influenced the Federalists to mold themselves after England. The other was the aforementioned desire to become industrialized.

John Adams was the only Federalist President. George Washington never joined a political party, but his decisions while president usually favored the Federalists. The party ceased to exist at the end of the War of 1812. Numerous Federalists opposed the war because many of these men earned their living through trade. The conflict hampered the Federalists' ability to exchange with England. Tensions increased so much so that by 1814, some Federalists in New England threatened to secede from the United States to form their own country unless the American government immediately sought peace. With the signing of the Treaty of Ghent in 1814 and the end of the War of 1812, many Americans viewed the Federalists as traitors. The Federalist Party collapsed, leaving the Democratic-Republican Party as the only political party in the United States until the mid-1820s.

The Federalist Party was the strongest political party in the Northwest Territory prior to statehood. Arthur St. Clair, governor of the Northwest Territory, actively sought to secure Federalist dominance of the government. For example, he felt that Ohio should be split into two states, that way the Federalists dominated both. By 1803, the Democratic-Republican Party, however, had emerged as the dominant force in the Ohio government. This is evident in the Ohio Constitution of 1803, which established a relatively weak government, with the legislative branch holding most of the power. Most of Ohio's earliest political officials were Democratic-Republicans, including Thomas Worthington, one of Ohio's first two United States senators.

See Also