What statement is true of the federalist party?

Answer 1

The Federalist Party, founded in the late 18th century, was the first political party in the United States and advocated for a strong central government and a robust financial system. They supported the ratification of the U.S. Constitution and favored policies that promoted commerce and industry. The party's influence waned after the War of 1812, leading to its decline and eventual dissolution by the 1820s. Prominent figures associated with the Federalist Party include Alexander Hamilton and John Adams.