While in time I realized the next major event in American history was the emergence of the Federalist vs. Democratic-Republican party rivalry which is because Democratic-Republicans favored the Southern Farmers and did not want a national bank which the Federalists pushed for. The Federalists favored the Northern business owners and wanted a strong national bank. This strong national bank was designed to stabilize and improve the Nation's credit through the handling of money in Federal hands. By doing so,The Federalists believed that the U.S. would establish credit and financial order through the privately owned bank of the national government. Democratic-Republicans feared that this bank would be dangerous as it was not thought to be a safe monetary system. They also did not like that the Federalist party favored the businesses of the North, as this bank did. The opposition of this bank came from a conflict between the economics of the North and the South and put the party at odds with each other.
The Democratic Republicans favored the farmers more as opposed to the industrialists and merchants. They liked the idea of state's rights, less power to the federal government, and a strict interpretation of the Constitution. They feared that the president would gain too much power, they were more prominent and most influential in the south and to the agricultural society. If the U.S had an agriculturally based economy they would be able to feed themselves, sell the remaining crops, and purchase manufactured goods from Europe. It was believed that people would put aside their own personal gain for the public good.
Being a member of the Democratic Party and all I decided that the Democratic-Republican's ideals were actually right, and if they were put into practice we would not have major companies being so influential to the American government.
The Democratic Republicans favored the farmers more as opposed to the industrialists and merchants. They liked the idea of state's rights, less power to the federal government, and a strict interpretation of the Constitution. They feared that the president would gain too much power, they were more prominent and most influential in the south and to the agricultural society. If the U.S had an agriculturally based economy they would be able to feed themselves, sell the remaining crops, and purchase manufactured goods from Europe. It was believed that people would put aside their own personal gain for the public good.
Being a member of the Democratic Party and all I decided that the Democratic-Republican's ideals were actually right, and if they were put into practice we would not have major companies being so influential to the American government.