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Analyze The Role Of Political Parties In The 1790s

470 Words2 Pages

Around and during the time of the 1790’s america was going through a rough patch in political issues throughout america. Two main political parties were federalists, which were led by the Secretary of Treasury Alexander Hamilton. He and the rest of his party believed that our country should have a strong central government. They believed that more power should be given to the federal government and not the people. The group of federalists of course was mostly made up of the upper class the richer population. The other political party, the anti-federalists which was led by Secretary of State Thomas Jefferson. They believed that the U.S. should be solely based upon the state government. They wanted to have more power given to the people. This political party was made mostly made up of the middle class. During this time period, you had to be a white male in order to be apart and/or be acknowledged as being apart of a specific party. This was a major problem in the U.S. and the problems only grew and got worse. One thing that impacts our society …show more content…

He also provided reasons as to why to national bank should be in existence in the U.S. According to Thomas Ladenburg article (1974), he states that Hamilton believed that having a national bank would “Help in the creation of new money through borrowing.” another idea Hamilton supported according to Landenburg “Loan money to the government when needed.” Hamilton being that he was the federalists leader he was the main speaker for his party so he argued and fought and pushed to get the national bank instituted in the U.S. In his first reason listed Hamilton believes it would help in the creation of new money through borrowing. Meaning that this would help the U.S. In producing a more stable operation of make paper money. Making the U.S. economy more stronger and could build the U.S.

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