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The Federalists and Republicans maintained stark differences in vision, legal thought, and agenda for
governing the United States. The primary network of Federalist supporters included
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bankers and merchants
, with a geographic concentration in
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New England and the Mid-Atlantic region
. Secretary of the Treasury Alexander
Hamilton established many U.S. economic policies, including the creation of a national bank. A national
bank corresponds with Federalist legal thought calling for
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an active
central government.
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Explanation:
The founding fathers of the United States had differing opinions on the vision, legal ideas, and goals for
the country. Two political parties emerged as lawmakers worked to create economic and trade policies.
The differences between the two parties, the Republicans and the Federalists, came to be defined
along differing geographic and economic concerns. Thomas Jefferson was a leader of the Republican
Party, whose base of support came from farmers, urban craftsmen, and the plantation gentry of the
South, West, and cities in the North. Alexander Hamilton was a leader of the Federalist Party, whose
base of support came from merchants, free blacks, bankers and speculators, and the wealthy elite in
New England and the Mid-Atlantic. The Republicans believed in a government ruled by the people that
stressed self-sufficiency and encouraged agriculture. The Republicans strongly favored westward
expansion. They were opposed to Federalist programs that sought to expand the scope and power of
the federal government with taxes and a national bank. As Secretary of the Treasury, Alexander
Hamilton engineered the establishment of a national bank and drafted Federalist economic policy that
promoted manufacturing and encouraged trade.
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