"Ain't No Party Like A Federalist's Party"
- George Washington
- Alexander Hamilton
Assuming the states debt
Most South Carolinians supported the assumption of the states debt because most of the war was fought in S.C.
The Democratic-Republics finally agreed to the assumption of the states debt because we agreed to move the nations capital to the Potomac River in the south.
Creation of a National Bank
We had one of the biggest controversies between us and the Democratic-Republic with the creation of a National Bank. Democratic-Republicans argued that the Constitution did not authorize the Congress to the right of a national bank. While Federalist said Congress said that they had the ability to make laws that were "necessary & proper" to the execution of its powers.
Although the Democratic-Republicans supported the French, we as Federalist took sides with Britain to secure the trade market.
Alexander & George
Power of the National Government
As Alexander Hamilton being one of the 2 leaders of the Federalist, he wanted an economic policy that would strengthen the national government. He had four proposed main ideas for the strengthening of the government.
- Federal Government pays the Revolutionary war debts
- Federal government assumed the states' debt from the war
- Creation of a National Bank
- Passing a high protective tariff to encourage Americans to make goods at home, rather than buy them from overseas
War with Britain in 1812
Federalists opposed the war because the policies of the Democratic-Republicans that declared war brought the Federalist stronghold of New England to the verge of destitution. Thomas Jefferson embargoed American ships instead of protecting the United States sailors and ships, causing huge unemployment rates, the closure of banks and created a standstill in commerce.