The Federalist Party Was Formed In The 1790s

The Federalist Party was first founded in the early 1790’s and it lasted until the 1820’s. They eventually merged into the National Republican Party. The majority of the Founding Fathers were Federalists, including people such as: Alexander Hamilton, and James Madison. The Federalist Party formed in response to the need for a strong central government they felt was necessary when drafting and ratifying the Constitution. After the Constitution was ratified, they Federalist’s remained largely in power until they were replaced by the National Republican Party. The Federalist’s believed that the Constitution should have a loose interpretation, and that the people should do whatever they could to support the government and build up federal power. …show more content…
They believed that the general population could not be trusted with governing themselves, and that a strong political system must be created. One way they attempted to create a stronger government was through the creation of a National Bank, like that which England had. The Federalist Party believed that the creation of such a bank was constitutional, while their opponents believed that the general public should be in charge of a national bank. Regarding the creation of the bank and whether it was constitutional, Hamilton said, “Every power vested in a government is in its nature sovereign, and includes by force of the term a right to employ all the means requisite...to the attainment of the ends of such power” (Hamilton 3). Hamilton’s main argument was that the creation of a national bank was constitutional because of the 10th amendment, which allowed the creation of ways to achieve federal power provided they were through appropriate