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Purpose Of The Federalist Party And The Democratic-Republican Party

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The Federalist Party and Democratic- Republican Party were the first political parties that held for a different purpose. The Federalist Party was founded by Hamilton and it believed in a strong central government and nation bank that could stimulate wealthy investors to promote trading and manufacturing. In addition, the Federalist Party focused more on commercial and diplomatic harmony with Britain. Conversely, the Democratic- Republican Party was held by Thomas Jefferson and James Madison to oppose the Federalist Party's support for a power central government and it believed state's rights were safer from the totalitarian tendencies of a central government. They were against the formation of the national bank and favored by most of artisans,

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