Republicans Vs Federalists

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Leaders of the Philadelphia Convention met between May and September of 1787 to address the problems of the failing Articles of Confederation. The result of the convention was the creation of the United States Constitution. This new Constitution left the public opinion split between two parties known as the Federalists and the Republicans. The Federalists who were mostly made up of the wealthy, well educated ratified the new Constitution; on the other hand Republicans also know as Antifederalists were generally farmers and lower class people and they apposed the new Constitution. The Federalists and Republicans had many contrasting views including their perspectives on government power, economy, and foreign affairs. Federalists desired a…show more content…
As newly appointed Secretary of Treasury, Federalist Alexander Hamilton devised complex policy to achieve economic dominance. Hamilton first intended to pay off its extensive Revolutionary way debts. He issued securities bonds for investors to purchase in the hopes of gaining profit for the United States. Hamilton’s policy also included the proposal of a Bank of the United States in order to make the nations economy dynamic through a more stable currency. Lastly Hamilton wanted the United States to embrace a mercantilist economic policy to protect American manufactures through high tariffs and government subsides. Republicans under Thomas Jefferson favored protecting the interest of the working class men including merchants, farmers, and laborers and sought to create an agrarian economy. Jefferson feared the Bank of the Untied States and thought it represented too much English influences and argued that the constitution didn’t give the power to establish a bank. He states in an excerpt about the national bank. “The incorporation of a bank, and the powers assumed by this bill, have not, in my opinion, been delegated to the United States, by the
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