Tuesday, May 15, 2012

American Party System

A.    Federalists: Hamilton
a. Centralized government
b. Republic led by well-educated elite
c. Loose interpretation of the constitution
d. National Bank
e. Debt Assumption
f. Merchants, manufacturers, landowners, investors, lawyers
g. Economy: Shipping/Manufacturing
B.    Anti-Federalists: Jefferson
a. Dec-centralized
b. Educated citizen farmer
c. Strict/ literal interpretations
d. State banks
e. States pay
f. Farmers, landowners, every man for common man
g. Economy: Agriculture 



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