Federalists

By:Jonah.M.Carr

Federalists opinions on the following questions.

a. Assuming the states debt:In his Report on Public Credit, submitted to Congress in January 1790, Hamilton calculated the US debt at $54 million, with individual states owing an additional $25 million.


b.Creation of a National Bank:In Hamilton's Second Report on the Public Credit, submitted to Congress in 1790, he recommended the chartering of a national bank, modeled on the Bank of England. Hamilton's proposed national bank would function purely as a depository for federal funds, rather than a lending bank.


c.French Revolution:The Alien and Sedition Acts were four bills that were passed by the in the federalists 5th us congress and signed into law by President john adams in 1798, in the aftermath of the french revolution.


d.Power of the National Govt.The U.S. Constitution establishes a government based on "federalism," or the sharing of power between the national, and state (and local) governments.


e.Alien and Sedition Acts:The Federalist Party, led by Alexander Hamilton, aimed to create a stable and secure country, safe for business and wealthy men of property. The opposition Democratic-Republican Party was bitterly opposed to the Federalists. Led by Thomas Jefferson, it tended to represent poor farmers, craftsmen, and recent immigrants. The party was commonly referred as the Republicans or Jeffersonian. It was the forerunner of today's Democratic Party.


f.War with Britain in 1812:The federalists thought that the war with Britain was inappropriate and they did not support it at all.