Why Party Politcs Developed After 1789 in the United States Essay

George Washington himself wanted to avoid a party system in America. Unfortunately, even when saying this he was part of the beginning of one of the first parties in United States politics. There have been many different parties surface since the beginning of the American political system. They all have different thoughts, policies, and motivations. Each party has come and gone, some have made significant contributions and others have not. The first split, and beginning of the party system, came with the differentiation between the Federalists and the Democratic Republicans. These two parties were extremely different in thought, design, and status of people involved. This paper, will deal with

2. Oppositions of the Plan a.Congress agreed to pay money to other nations, But hamilton's plan to pay off debt to American citizen Unleashed a storm of protest b. When the government had borrowed moneyfuring the American revolution, It had used bonds. c. Opponites believed that hamiltion`s plan would make speculators rich, and the origanal bond owners felt betrayed by the governmentbecausre they had lost money on their bond while new bond owners were profited.

Despite the fact the founding fathers advised contrary to the establishment of political factions as the Constitution withstood the ratification process, a rift amongst men in President George Washington’s cabinet instituted the move toward the conception of political party. During the time period between 1791 and 1833, a two-party system had begun that demonstrated the philosophy of the Federalists and Democratic-Republicans. Although these two political groups were unyielding in their original ideas and beliefs, both had to change a few of their initial standpoints on numerous topics as they dealt with the truth of the government.

One of Jefferson’s and Hamilton’s first disagreements began with the idea of a National Bank. Hamilton suggested that the government should create the Bank of the United States Jefferson protested because this was not allowed by the Constitution. Hamilton opposed the view of Jefferson and stated that the Constitution’s writers could not have predicted the need of a bank for the United States. Hamilton said that the right to create the Bank of the United States was stated in the “elastic” or the “necessary and proper” clause in which the Constitution gave the government the power to pass laws that were necessary for the welfare of the nation. “This dilemma revisits the ever lasting dispute between the “strict constructionists” (Jefferson) who believed in the strict interpretation of the Constitution by not going an inch beyond its clearly expressed provisions, and the “loose constructionists” (Hamilton) who wished to reason out all sorts of implications from what it said”. Just a few years later, under President Jefferson, the federal government of the United States

Whose side would you have been on in the 1790s, Thomas Jefferson’s or Alexander Hamilton’s? Both of these men served under George Washington in the first presidential cabinet, yet they had very different views of what government should be (Davis 86). My objective in this research essay is to inform the reader of why there was so much controversy between these two founding fathers, and to determine which side had the better views for our newly forming country.

At this time the government was funding its debt through private banks such as the Bank of North America and the Bank of New York. Not satisfied with the structure of American banking, Hamilton reported to Congress the need to establish a National Bank in December of 1790. The Senate created a committee to study Hamilton’s proposal. On the committee were men who shared Hamilton’s ideas in fiscal matters, and that of a strong federal government. One of the members, General Schuyler, was Hamilton’s father in law. It was of no surprise that a bill arose out of the committee supporting Hamilton’s plan to incorporate a Bank of the United States.

Since the birth of the country, there have been many influences on its development. The economy in particular has been an area of great importance. Many people have been factors in the growth of the United States’ economy. Perhaps the earliest and most influential of these was Alexander Hamilton. As shown in his effective policies, such as assumption of Revolutionary War debts, practical taxation, formation of the National Bank, and views on manufacturing, Hamilton was a dominant force from the beginning. During his term as secretary of the treasury, he acted with the power and commanding force of a Prime Minister. None of the other founding fathers

3. What was Hamilton’s plan for debt reconciliation? Hamilton suggested funding the debt by selling government bonds, and further proposed that state debts be assumed by the national government. Why was Madison opposed to it? Madison believed that Hamilton's plan "was betraying the ideas of the American Revolution."

30, Alexander Hamilton writes all about taxes and taxation in this essay. He has much to say about taxes and the good that they are doing in shaping the nation. He believes that the power to collect taxes when necessary is extremely important for the governmental success. Recently, someone tried to pick apart this essay and state that some senators had the power to limit that excessive amount of spending that the goverment has been up to lately. However, this essay came back into play and proved that idea wrong. Everything was set back into place because of Hamilton's brilliant

The national debt has always been a major issue in and for the United States. In the past the nation was faced with this deficit as they were required to borrow money from foreign nations and its citizens as the government needed money to build up its empire. The nation obtained money from its citizens in the form of bonds which the government promised to pay back. Distrust accumulated when the government was unable to pay these bonds back. When Alexander Hamilton was appointed Secretary of the Treasury, he composed a resolution to the debt issue. This resolution, according to our textbook was to develop a more commercial/industrial economy as opposed to the agricultural based economy that was prevalent at the time. Hamilton viewed the debt as an asset. To further elaborate on Hamilton’s plan; he decided to fund debts by selling bonds which paid annual interest to holders, in order to pay these bonds Hamilton also proposed new tariffs and excise taxes. Hamilton’s plan would benefit the economy in 3 essential ways, by establishing a sense of economic credibility, earning support from wealthy citizens which would aid stability issues and benefit the nation as a whole in the future, and entice investors; similar to buying support from wealthy citizens would aid the nation as investors could build/fund utilities and resources for the nation. Hamilton’s plan would also redistribute wealth from farmers to merchants and from the South to the North. Naturally, Hamilton’s plan was

In the book Hamilton’s Blessing, Gordon uses economic history and theory to explore the start, rise and decline of the United States debt. Gordon opens his book by stating that this country was born in debt, and this debt has become so high that concerned individuals no longer think of it. Throughout the book, he traces the history of the national debt dating back from 1791, when the central bank of the United States was created, up to modern days. The intellectual architect of this creation was Alexander Hamilton, the first Treasury Secretary as well as a central figure who had a deep impact on the economic development of the United States. The title of the book clearly recalls Hamilton's statement that a national debt, "if not excessive,

In the American nation, he developed love of regulation, efficiency and organization. Hamilton strongly showed that America must possess credit for the development of government operations, trade, industry and business activities. He stressed the importance of the central government to take over the debts of the state that were unpaid in the Revolutionary period (Scott, 2008). The central government was endorsed by the American Constitution to charge and collect taxes as well as pay liabilities (Robertson, 2005). Such operations can be professionally handled by a central bank. Therefore, Hamilton was characterized by thinking creatively and critically as he observed the potential of the trade industry’s immense power (Pancake, 1974).

The creation of the first national bank in the United States was of utmost importance in setting precedence for how much power the constitution actually grants the government. The debate over whether to create a national bank raised many questions over the constitution that hadn’t been tested before. It also raised questions about what the government can do when the constitution has no written clause on a certain subject. In looking at the arguments from Alexander Hamilton, James Madison, and Thomas Jefferson regarding a national bank, people can find out more about how some of the leading founders of the Constitution wanted to see the United States government run.

The political system of America is very different from other developed and developing democracies. Most notable is the increased power bestowed on the upper house of the parliament, the extensive power held by the Supreme Court and the dominance demonstrated by only two major parties. In the United States, third parties have the least influence on the world’s most developed democracy’s political structure. In this democracy, people are under the US Constitution of the governmental system as well as state government and other units of local government. Local government entails counties, districts and municipalities. The evolution of the American political party system has come a long way; with Hamilton and Jefferson being regarded as the founder fathers of the modern party system. These were heads of the Federalist and Anti-Federalist groups in the 18th century of American politics. Ever since, the country has maintained a party system that has two main parties that are relatively stable. These are Democrats and Republicans and have remained in contest for election every time since the 1860 presidential elections. Initially, the Republican Party was the dominant party but the Democrats later gained dominance. However, the two parties became closely competitive and neither of them has been notably dominant since the 1970s (O'Connor & Sabato, n.d).

Today, political parties are an authoritative and essential component of the United States political system. However, it is important to examine how the political parties began and evolved over hundreds of years, since they were first established. In 1794, the major political parties were the Federalists and the Democratic-Republicans. The major difference between these two was that the Federalists favored a strong central government, while the Democratic-Republicans preferred a central government with limited power and more state control. At the time of the election, it seemed that the prominent, distinguished Federalist Party clearly had the upper hand, but in the end the