Monday, October 15, 2007

Development of Political Parties

The main factor that contrbuted to the development of political parties in the United States duning the 1790's were the conflicting views of Alexander Hamilton, the Treasury Secretary, and the Secretary of State, Thomas Jefferson.
Hamilton's main goal was to correct the enormous debt imposed on the nation because of the Articles of Confederation. Hamilton seeking additional revenue to the national government aksi secure and excise tax on domestice iteams. This action was strongly opposed, this is what caused the Whiskey Rebellion in Pennsylvania which directly caused many people to condem teh federalists shows of force and this caused a great deal of anti federalist feelings. Another major disagreement was about Hamilton's idea of creating a national bank modeled after the bank of England. This bank eould would printy paper money and provide a stable national currency. Jefferson, a strict believer in following the constitution strictly believed that a national bank would be unconstitutional. Jefferson believed that these financial powers belonged to the states because they had not been outlined inthe constitution as a federal responsiblity.
The success of Hamilton's centralized revenue raising policies caused resentment nd an eventual organized opposition. This is how these differing ideas led to the formation of political parties, and their differences were outlined even greater through the years when issues such as foreign policy came into play.

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