The Economic Differences Of Federalists And Republicans In 1800

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he Federalists and Republicans in 1800 shared a common goal, furthering the United State 's independence and the prosper of it 's citizen 's, but they held stark differences on how to achieve it. Economically, the Federalists wanted a strong central government with a federal bank, which would finance new business ventures and bring America closer to being a “modern” country like England. The Federalists believed the way to make America more independent and wealthy was to compete with European manufacturing and banks so that the US was not dependent on English goods or credit. Aided by the economic council of Alexander Hamilton, the Federalists hoped to commercialize America and develop a diversified economy with the help of wealthy business …show more content…
His belief was shared by the Republicans and favored the power of government to be aligned with “State 's Rights”. “State 's Right 's” ensured the state government had the final say over the federal government. The Republicans did not trust the federal government and felt it was too similar to the monarchy of England. They felt a strong federal government would leave them vulnerable and unprotected. They trusted the state government, closer to their homes, to protect their way of life and the practice of slavery. The Federalists had the exact opposite opinion of how the nation should be politically formed. They strived a strong central government, with the power coming from the federal level. In this manner they believed the nation could be guided by the best equipped and intelligent leaders, to form the country into a unified nation, more powerful then an operation of individual states running independently but belonging to one name. Jefferson and the Republican 's firmly believed in the motto, “Government is best which governs least.” They supported less government involvement in all matters, meaning less taxes, less government funded programs, less military, and less oversight by the government. The Federalists believed the US needed a powerful government to guide it into the future and provide growth and expansion through strong …show more content…
They were willing to do whatever it took to keep the nation 's “best customer.” The Federalists then, naturally favored an alliance with England in regards to foreign affairs because it would equate to prosperous trade relations. The Republicans sided more with the French when it came to foreign relations. The Republicans did not have a need for a strong allegiance with England and were less concerned with putting off the country because their wealth was not tied directly with trade and commerce as it was with the Federalists. It was not the Republicans ' intention to necessarily cause trouble with foreign nations, they just wanted to be left alone and allow America to be independent from the world. This is the reason also why they didn 't want a strong military, they didn 't want expansion around the globe but instead wanted mere protection from foreign attacks. The separation of the Federalists and the Republicans boils down to one party, the Federalists, wanting to emulate England and become a better version of it, while the other party, the Republicans, wanted to avoid similarities to England and create a society which enable more independence and self

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