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What Were The Goals Of The Federalist Party

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The Federalist Party and the Democratic-Republican Party were the first two major political parties in the United States. The Federalist Party was created in opposition to the Democratic-Republican Party. Both parties started within the congressional and executive branches of government during George Washington’s presidency. The belief of a strong central government was the core political philosophy of the Federalist Party. The Federalists wanted a fiscally sound and nationalistic government. Most Federalists were bankers and businessmen who promoted government engagement in a national economy and supported the creation of a strong central bank. The Federalist Party endorsed the Alien and Sedition Acts which increased the requirements for citizenship, …show more content…
Alexander Hamilton, the founder of the Federalist Party and the Secretary of State during Washington’s Presidency supported the notion of a national bank. Hamilton, along with many other Federalist Party members thought that a bank was necessary in order for the United States to function as a country. The bank would pay the national debt of the United States and also lend money to state government. The Democratic-Republican Party was opposed to the having a national bank they argued that “a bank… is not necessary, and consequently not authorized…” by the constitution (William, 76-78). However, Hamilton believed that “it is conceded that implied powers are to be considered as delegated equally with express ones” (William, 76-98). Therefore, although the constitution does not explicitly state that the federal government has the power to create a bank. The federal government does have the power “to make all laws necessary and proper for carrying into execution the enumerated powers” (William, 76-98). Federalists argued that the creation of a bank would be an enumerated power because the United Sates needed a bank in order thrive as a

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