Federalist Party
Federalist
The Federalist party grew out of Hamilton's view of a strong federal government.
the two parties were the federalists and the anti-federalists. hamilton supporters were members of the federalist party The whiskey rebellion
Hamilton
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The name of the party formed by Alexander Hamilton was the Federalist party. The five beliefs of the party were that there should be a strong national government, a fear of mob rule, a loose interpretation of the Constitution, wanted a national bank, and the economy was based upon manufacturing and shipping.
Alexander Hamilton and James Madisonedit: this is not correct. The Federalist Party was founded by Alexander Hamiltion and John Adams. (James Madison, best buddy of Thomas Jefferson, founded the Democratic-Republican Party)
Apparently our nation was formed by our Founding Fathers which include: Benjamin Franklin, George Washington, John Adams, Thomas Jefferson, John Jay, James Madison, and Alexander Hamilton.[3]
The Federalist Party was formed by Alexander Hamilton in 1792. The second President of the United States, John Adams, was the country's only Federalist president.
In 1789, after George Washington was elected President on April 30, 1789, Congress created three cabinet positions. The first was Secretary of the Treasury which went to Alexander Hamilton. Next, the Secretary of War - Henry Knox. The Secretary of State, Thomas Jefferson arrived back from Paris and joined the staff almost a year later. Alexander Hamilton and Thomas Jefferson had two very different visions for America. Each time President Washington had to chose on a significant issue he was convince to follow Hamilton's vision. After a while Jefferson got frustrated by that and asked to resign, which Washington granted. Jefferson then actively (via surrogates) fought many of Washington's policies. This is when the "Anti-Federalist" party formed with a variety of names over time. By default and policies Hamilton and Washington supported the Federalist programs.
As Secretary of the Treasury, Alexander Hamilton's main job was to establish a strong financial foundation for the newly formed United States. He implemented policies to manage the national debt, create a federal banking system, and promote economic growth through supporting manufacturing and trade. His most significant achievements included the establishment of the First Bank of the United States and the introduction of tariffs and excise taxes to generate revenue. Hamilton's financial strategies laid the groundwork for modern American economic policy.
Hamilton hoped to provide financial order, precedence, and clarity, for the new-found United States. He also hoped to develop country and overseas credit for the new nation. Last, but not least, Hamilton wanted to resolve the fiat currency issues.