Federalists vs. Democratic Republicans Federalists – Leaders: • Alexander Hamilton – George Washington’s Secretary of the Treasury Federalist Beliefs: • Strong National Bank – to handle Nations Debts. • Protective Tariff to protect American manufacturing. • Help the British because we trade with them a lot and they help our economy. Federalist Beliefs – Continued: • We need a strong federal government – it worked well for Britain. • Loose Interpretation of the Constitution to help with the power of the Federal Gov. • Rule by the rich – because others don’t understand the complexity of Government. Democratic Republican Leader – Thomas Jefferson • George Washington’s Secretary of State. Democratic Republicans – Beliefs: • No National Bank – This would only benefit the rich. • No tariffs – this helps with free trade and lower prices. • Help the French – they helped us during the Revolutionary War! Democratic Republicans Beliefs – Cont. • Weak Central Government – A strong central government will endanger people’s freedom! • Strict Interpretation of the Constitution – limit the power of the Federal Gov. • People should participate in government rather than rule by the rich and the few.