The statement “Although historically represented as distinct parties, the Federalists and the Whigs in fact shared a common political ideology, represented many of the same interest groups, and proposed similar programs and policies” is partially true. Both the Federalists and the Whigs shared common political ideas of the same interests groups, and proposed similar programs and policies- such as Clay’s American system and Hamilton’s economic plan. Both parties also believed in the National Bank because they thought it was necessary and proper. But, both parties had many differences as well. These differences consisted of representation, leadership and origination.
The new supporters of the constitution became known as the Federalists. The Federalist Party was established originally to support the creation of a strong national government, after the Articles of Confederation were created in 1781. For twelve years, the new government was firmly controlled by the Federalists. The Federalists believed that the elites that would come to dominate both federal and state governments would act in interest of the entire nation. The Federalists were largely wealthy, aristocratic men, originating from the New England area, especially New York. This party was led by Alexander Hamilton whom being a well-educated and wealthy man himself, was followed in part by men of the same standards and social class as him. Hamilton's financial system settled the problems caused by the revolutionary war, and the inconsistencies between the states and national governments rights when it came to taxation. One of the main ideas of the Federalist Party was that of a "loose interpretation" of the constitution. This loose interpretation was used in determining the meaning of the elastic clause placed in the constitution. The federalist believed that because it would take hundreds of years to write down everything the U.S. government could do, the elastic clause was created. This clause allowed...
Please join StudyMode to read the full document