Federalists vs. Democratic Republicans
Explanation for the Opposition
The Democratic Republicans favored the Southern Farmers and did not want a national bank which the Federalists pushed for. The Federalists favored theNorthern business owners and wanted a strong national bank. This strong national bank was designed to stabilize and improve the Nation's credit through the handling of money in Federal hands. By doing so,The Federalists believed that the U.S. would establish credit and financial order through the privately owned bank of the national government. Democratic Republicans feared that this bank would be dangerous as it was not thought to be a sound monetary system. They also did not like that the Federalist party favored the businesses of the North, as this bank did. The opposition of this bank came from a conflict between the economics of the North and the South and put the party at odds with each other.
Who were the Democratic Republicans against?
Thomas Jefferson and James Madison created it in the House of Representatives in extreme opposition to Alexander Hamilton's Federalist party. The Democratic Republicans despised the Federalists' idea of a national bank and thought it was unconstitutional. They also opposed the Jay Treaty with the British and believed the Federalists were elitist.
What were the domestic goals of the Democratic Republicans?
The Democratic Republicans favored the farmers more as opposed to the industrialists and merchants. They liked the idea of state's rights, less power to the federal government, and a strict interpretation of the Constitution. They feared that the president would gain too much power and revert back to monarchical tendencies just like the Anti-Federalists. they were more prominent and most influential in the south and to the agricultural society. If the U.S had an agriculturally based economy they would be able to feed themselves, sell the surplus, and purchase manufactured goods from Europe. It was believed that people would put aside their own personal gain for the public good. This is very similar to the present day Democrats in the U.S.
Contributing Figures for the Democratic Republicans
Thomas Jefferson
James Madison
James Monroe
The Democratic Republicans favored the Southern Farmers and did not want a national bank which the Federalists pushed for. The Federalists favored theNorthern business owners and wanted a strong national bank. This strong national bank was designed to stabilize and improve the Nation's credit through the handling of money in Federal hands. By doing so,The Federalists believed that the U.S. would establish credit and financial order through the privately owned bank of the national government. Democratic Republicans feared that this bank would be dangerous as it was not thought to be a sound monetary system. They also did not like that the Federalist party favored the businesses of the North, as this bank did. The opposition of this bank came from a conflict between the economics of the North and the South and put the party at odds with each other.
Who were the Democratic Republicans against?
Thomas Jefferson and James Madison created it in the House of Representatives in extreme opposition to Alexander Hamilton's Federalist party. The Democratic Republicans despised the Federalists' idea of a national bank and thought it was unconstitutional. They also opposed the Jay Treaty with the British and believed the Federalists were elitist.
What were the domestic goals of the Democratic Republicans?
The Democratic Republicans favored the farmers more as opposed to the industrialists and merchants. They liked the idea of state's rights, less power to the federal government, and a strict interpretation of the Constitution. They feared that the president would gain too much power and revert back to monarchical tendencies just like the Anti-Federalists. they were more prominent and most influential in the south and to the agricultural society. If the U.S had an agriculturally based economy they would be able to feed themselves, sell the surplus, and purchase manufactured goods from Europe. It was believed that people would put aside their own personal gain for the public good. This is very similar to the present day Democrats in the U.S.
Contributing Figures for the Democratic Republicans
Thomas Jefferson
James Madison
James Monroe