Hamilton was a nationalist, who emphasized strong central government and successfully argued that the implied powers of the Constitution provided the legal authority to fund the national debt, assume states' debts, and create the government-owned Bank of the United States. These programs were funded primarily by a tariff on imports, and later also by a highly controversial tax on whiskey. Facing well-organized opposition from Jefferson and Madison, Hamilton mobilized a nationwide network of friends of the government, especially bankers and businessmen. It became the Federalist Party. A major issue splitting the parties was the Jay Treaty, largely designed by Hamilton in 1794. It established friendly economic relations with Britain to the chagrin of France and the supporters of the French Revolution. Hamilton played a central role in the Federalist party, which dominated national and state politics until it lost the election of 1800 to Jefferson's Democratic
Hamilton was a nationalist, who emphasized strong central government and successfully argued that the implied powers of the Constitution provided the legal authority to fund the national debt, assume states' debts, and create the government-owned Bank of the United States. These programs were funded primarily by a tariff on imports, and later also by a highly controversial tax on whiskey. Facing well-organized opposition from Jefferson and Madison, Hamilton mobilized a nationwide network of friends of the government, especially bankers and businessmen. It became the Federalist Party. A major issue splitting the parties was the Jay Treaty, largely designed by Hamilton in 1794. It established friendly economic relations with Britain to the chagrin of France and the supporters of the French Revolution. Hamilton played a central role in the Federalist party, which dominated national and state politics until it lost the election of 1800 to Jefferson's Democratic