POLITICAL PARTIES I.MANY AMERICAN LEADERS FEARED THE CREATION OF POLTICAL PARTIES BELIEVING THEY WOULD DIVIDE & DESTROY THE NEW NATION II. NAME: FEDERALIST PARTY
III. LEADERS: ALEXANDER HAMILTONJOHN ADAMS
IV. BELIEFS: 1) STRONG CENTRAL GOVERNMENT 2) WEALTHY BEST ABLE TO RULE 3) WANTS U.S. TO BECOME A NATION OF BUSINESS AND INDUSTRY
V. SUPPORTERS: STRONG SUPPORT IN THE NORTHEAST; WEALTHY BUSINESSMEN, MERCHANTS & BANKERS
VI. ISSUE: FAVORED HAMILTON’S PLAN (TARIFFS, NATIONAL BANK, STRONG CENTRAL GOVERNMENT) BECAUSE IT IS GOOD FOR BUSINESS
NAME: REPUBLICAN PARTY LEADERS: THOMAS JEFFERSON JAMES MADISON
BELIEFS: 1)STATES SHOULD HAVE MORE POWER THAN THE CENTRAL GOVERNMENT (STATES’ RIGHTS) 2) COMMON MAN BEST ABLE TO RULE 3) WANTED U.S. TO REMAIN AN AGRICULTURAL NATION, A NATION OF FARMERS
SUPPORTERS: STRONG SUPPORT IN THE SOUTH & WEST; FARMERS AND LOWER CLASSES
ISSUE: AGAINST HAMILTON’S PLAN BECAUSE IT FAVORS THE RICH AND IS “UNCONSTITUTIONAL”