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The Federalists supported a strong federal government and the establishment of a powerful Bank of the Union, conforming to the mercantile interests of the Northern States, especially those of the New England.

The Anti-Federalists supported the decentralization and the largest autonomy of the States. They feared that a central power excessively strong would lead to an oppressive government aiming to destroy the local autonomy's, establishing a financial oligarchy and a "bancocracy".

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