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Federalist Vs. Democratic: Republican Party

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Recommended: Concerns between the federalists and antifederalists

The views on Federalist vs. Democratic:Republican Party Are you with the Democratic:Republican or Federalist party? Well there is many differences and similarities. The Federalist are more of a strong federal government and the Democratic:Republican were wanting more of a strong state government. Also, the Federalist were a Loose Interpretation of the Constitution. The Democratic:Republican were the opposite, they were Strict Interpretation of the Constitution. A similarity they both had was they were both a government that were different but still trying to follow the Constitution at the same time. Alexander Hamilton thought that collecting tax money should have it’s own little spot. Alexander wanted to build a bank to keep all of the money in. The bank that he would make would allow business people to get loans and build buildings or ships. In order for that to happen he supported the Loose Construction. Another …show more content…

In order for that to happen he would have to get approved first. Hamilton couldn’t just say ‘alrighty let’s build this bank and we can put all the money we have in that bank.’ No, he had to do a lot more work than that. For example he had to go to debates, like we might have today talking about what the bank would be like. The reason why he had to get it approved by Congress is because it wasn’t just going to be his bank. It would be the governments too. After all the work he put into this bank he got approved by Congress in 1791. Alexander Hamilton was going to make the country grow in many different ways. The Republicans probably liked democracy better than the Federalist. Now, the reason for that is because the Republicans didn’t like waiting on the Federalist because they might have taken too long on a decision. Also another reason for that is because they thought the “better people” should have the power. The Democratic:Republicans had a symbol and in that case they were the big

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Even though Hamilton wasn’t one of our presidents, he showed great leadership throughout his terms in the secretary of treasury, he practiced law after the wars, and he also showed leadership being one of our Founding Fathers (who were responsible winning our wars against England.) After Hamilton was drafted for the Constitutional Convention by New Year, Hamilton got to attend a meeting in Philadelphia. While Alexander was in Philadelphia he had little to no impact on the convention because he didn’t fully represent New York. Even though Hamilton didn’t represent the Federalist (who strongly opponents to sign the new constitution), Hamilton signed the new constitution as an individual. Then after Hamilton signed the for the new constitution, he got to write “at least two-thirds of the essays” that included some of the most important ones that would explain the powers of each of the branches.

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The Second Report by Hamilton was the proposal of the first bank of the United States of America. The bank was created to handle very important tasks such as: managing federal government's funds, debt, loan money, on the other hand, the bank was also in charge of managing the sales of shares to the people and businessmen. Hamilton emphasized that the bank should be a private corporation because he feared politicians would take advantage of the new system. Not only was this idea brilliantly well thought out and innovative on Hamilton's behave but it also helped keep his end of the bargain because all the wealth was moved to Pennsylvania. The bank of the United States of America was one of the most essential components of economic innovation that paved the way for economic growth and establish economic sustainability of “national economy and government spending”, (Prillaman, S. & Meier, K. 2014, p. 366) creating a balance between both means the government and the

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But that is what Hamilton thought that is what was necessary. Jefferson and Hamilton never got along with anything. With both of them being from different parties they were always getting into political arguments over what the government should do with national banks and with how the constitution should be interpreted. With the national banks Hamilton wanted a national bank and Jefferson did not want one.

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The need for a national bank was very much so necessary. Hamilton also convinced president Washington to sign the bank bill by his lengthy report that stated: “This criterion is the end, to which the measure relates as a mean. If the end be clearly comprehended withan any specified powers, collecting taxes and regulating the currency, and if the measure have an obvious relation to that end, and is not forbidden by any particular provision of the constitution, it may safely be deemed to come with the compass of national authority.”

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If his idea were to pass, it would be owned by the government and ran the bank in order to regulate currency and help control the American economy. However, issues concerning “implied powers” arose when trying to legalize the bill for a national bank. “Government authority to create laws that were necessary to protect and help American people was the foundation of implied powers which Hamilton clearly supported because of his ideal to run an efficient government, one must pass laws to protect the people from corruption.” Flexibility and change were the basis of his argument in creating a stable government. In 1791, the bill for the development of a national bank was passed.

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Jefferson and the Democratic-Republicans were strict constructionists who believed that if the Constitution didn’t allow something, it was forbidden. Hamilton and the Federalists were loose constructionists who believed that if the Constitution didn’t forbid it, it was allowed. He explained his loose constructionist views in “Hamilton’s Opinion as to the Constitutionality of the Bank of the United States,” saying, “If the end is clearly found within any of the specific powers, and if the law has an obvious relation to the end, and it is not forbidden by any particular provision of the Constitution, it may safely be deemed to come within the compass of the national authority.” The National Bank held money for the nation, funded the government, and put private and public money together for a capital pool. Hamilton liked the National Bank because it loaned money to

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