By: Payton Robinson
By: Payton Robinson
National Leaders of the Party
The fourth U.S. president, James Madison believed in a robust yet balanced federal government and is known as the "Father of the Constitution."
Thomas Jefferson was a draftsman of the Declaration of Independence and the third U.S. president (1801-09). He was also responsible for the Louisiana Purchase.
The Democratic-Republican Party or Republican Party was an American political party founded in the early 1790s by Thomas Jefferson and James Madison. Political scientists use the former name, while historians prefer the latter one; contemporaries generally called the party the "Republicans", along with many other names.
Assuming the States debt
Creation of the National Bank
The First Bank of the United States was a central bank, chartered for a term of twenty years, by the United States Congress on February 25, 1791.
Establishment of the Bank was included in a three-part expansion of federal fiscal and monetary power, along with a federal mint and excise taxes, championed by Alexander Hamilton, first Secretary of the Treasury.
Opposition to the National Bank, stemming from the Democratic-Republicans argued that the Constitution gave no explicit authority for the government to establish such corporate agencies.
Hamilton, however, argued that any powers not explicitly defined in the Constitution were "implied powers" that could be developed by Congress to achieve the common good.
Power of the National Government
Sought to limit the role of the national government, favoring local control. The Democratic-Republicans objected to this extension of the power of the central government and wanted to balance the Federal powers with state powers.
Alien and Sedition Acts
Opposed, along with the enlarged army, as a threat to citizen’s individual liberties. And it was designed to silence and weaken the Democratic-Republicans. Criticized by Jefferson and Madison in the Kentucky and Virginia Resolutions, were doctrine of nullification was first explained.