ipl-logo

Federalist Vs. Democratic: Republican Party

621 Words3 Pages
bulb-icon

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

Show More
Related
299 Words | 2 Pages

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.

Read More
297 Words | 2 Pages

Hamilton interpreted the Constitution more loosely and thought a bank was necessary, however Jefferson was against this since the Constitution didn’t give Congress the power to create a Bank. The main three differences between Hamilton and Jefferson were on what should drive the country, government power and the interpretation

Read More
858 Words | 4 Pages

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

Read More
669 Words | 3 Pages

President George Washington appointed Alexander Hamilton as the Treasury Secretary and Hamilton took it upon himself to develop an economic structure for the United States. Hamilton used a strategy of loose construction for the interpretation of the constitution.

Read More
1192 Words | 5 Pages

Hamilton ensured that many of the holders of financial dept would be wealthy merchants, so that they had a financial stake in the new governments survival. This caused wealthy merchants to therefore become involved and want the government to be successful due to their financial stake in its future success. The establishment of a central bank was one of Hamilton’s reforms that allowed the American economy to stabilize and thereby establish its own currency . A bank gave the United States the opportunity to print their own currency, so that they would no longer be forced to utilize the British pound. This served as a solution to the United States identity issue, as it no longer identified itself with that of its oppressor’s currency.

Read More
636 Words | 3 Pages

Part of Hamilton’s Plan was to create a national bank for the United States. It was modeled after the Bank Of England. The objective of the bank was to collect taxes, hold government funds, and make loans to the government and borrowers. However, as Thomas Jefferson and James Madison has strictly interpreted the Constitution, it did not allow or give power to congress or the federal government to create a national bank.

Read More
458 Words | 2 Pages

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.

Read More
1449 Words | 6 Pages

Hamilton 's monetary course of action for the nation included working up a national bank like that in England to keep up open credit; cementing the states ' commitments under the focal government; and initiating guarded tolls and government enrichments to empower American makes. These measures fortified the administration 's vitality to the hindrance of the states. Jefferson and his political accomplices limited these progressions. Francophile Jefferson expected that the Bank of the United States addressed an inordinate measure of English effect, and he battled that the Constitution did not give Congress the capacity to set up a bank. He didn 't assume that propelling produces was as basic as supporting the authoritatively settled agrarian base.

Read More
331 Words | 2 Pages

The two parties were the Republicans and the Federalists. The Republicans hoped government took a lesser approach to everyday life. Its individualistic perspective includes living in moderation, be tough, don’t spend more than you have to, and be honest. These lofty goals and ambitions were reasonable in the late 1700’s, early 1800’s, however, now most

Read More
1568 Words | 7 Pages

Hamilton wanted to create public credit with a treasury system, a national bank, a mint, and increase manufacturing which would help unify the country. On the other hand, there was Jefferson, who opposed a strong central government. He argued that the “wealthy would gain at the expense of ordinary Americans and that Hamilton’s political economy would corrupt the morality of citizens and undermine the social conditions essential to republican government”(Powerpoint). The country would opt for an approach closer to Hamilton’s views. One of the first acts was the National Banking Act.

Read More
961 Words | 4 Pages

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.”

Read More
651 Words | 3 Pages

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.

Read More
423 Words | 2 Pages

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

Read More
904 Words | 4 Pages

He stated the constitution did not give congress the power to charter a bank. Hamilton would win, and our First Bank of the U.S. was

Read More
677 Words | 3 Pages

Republicans under Thomas Jefferson favored protecting the interest of the working class men including merchants, farmers, and laborers and sought to create an agrarian economy. Jefferson feared the Bank of the Untied States and thought it represented too much English influences and argued that the constitution didn’t give the power to establish a bank. He states in an excerpt about the national bank. “The incorporation of a bank, and the powers assumed by this bill, have not, in my opinion, been delegated to the United States, by the

Read More

More about Federalist Vs. Democratic: Republican Party

Open Document