Hamiltonian Federalists

Topics: Great Depression, Federal government of the United States, Alexander Hamilton Pages: 3 (794 words) Published: March 22, 2011
Although Hamiltonian Federalists, Wilsonian Democrats, and New Dealers each wanted large government intervention in American economics, they each had different policies depending on the time period and the events that were taking place.

In general, the Federalists were those who supported a stronger centralized government. The Federalist movement was motivated by the idea that the national government under the Articles of Confederation was too weak and that a new, stronger form of government must replace it. The founder of this party was Alexander Hamilton, George Washington's Secretary of the Treasury during his first term as President. Hamilton's network of supporters grew into what would become the Federalist Party. Hamiltonian Federalists wanted a fiscally sound and nationalistic government that would intervene in the economy. Hamilton's proposal toward this goal of financial stability was to assume the state debts incurred during the Revolutionary War, thus creating a national debt, and as a means of paying off this debt, the creation of the First Bank of the United States. The main goal of the assumption of state debts was to avoid unnecessary and potentially destructive competition between state and federal governments, while at the same time allowing the federal government the opportunity for revenue for the national treasury. A major emphasis of most of Hamilton's policies and indeed the general outlook for the Federalist Party was that the federal government was to dominate over the state governments with a strong centralized government.’

Wilsonian democrats enacted some of the most sweeping economic overhauls the American government has ever seen. They called their philosophy of government the "new freedom." What they wanted the government to do is to be more concerned about human rights than about property rights and take away power from the large corporations and banks and give it to the small businesses. They were convinced that strong...
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