12 Facts About Federalist Party

Federalist Party was a conservative political party which was the first political party in the United States.

The Federalist Party came into being between 1789 and 1790 as a national coalition of bankers and businessmen in support of Hamilton's fiscal policies.

Federalist Party policies called for a national bank, tariffs and good relations with Great Britain as expressed in the Jay Treaty negotiated in 1794.

The Federalist Party supported Hamilton's vision of a strong centralized government and agreed with his proposals for a national bank and heavy government subsidies.

The Federalist Party became popular with businessmen and New Englanders as Republicans were mostly farmers who opposed a strong central government.

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Federalist Party hoped for a favorable new treaty and for repayment of the debts owed to France.

Federalist Party tried to organize expeditions of Americans to invade Spanish Louisiana and Spanish Florida.

Federalist Party warned in his Farewell Address against involvement in European wars and lamented the rising north–south sectionalism and party spirit in politics that threatened national unity:.

Federalist Party spirits serves always to distract the Public Councils, and enfeeble the Public Administration.

Hamilton subsidized the Federalist Party editors, wrote for their papers and in 1801 established his own paper, the New York Evening Post.

Some Federalist Party leaders began courting Jefferson's vice president and Hamilton's nemesis Aaron Burr in an attempt to swing New York into an independent confederation with the New England states, which along with New York were supposed to secede from the United States after Burr's election to Governor.

Federalist Party policies favored factories, banking and trade over agriculture and therefore became unpopular in the growing Western states.