MAKING OF A NEW NATION 1776 1800
PRESIDENT JOHN ADAMS FROM ALIEN AND SEDITION ACTS TO XYZ AFFAIR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Wealthy
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Poor
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Either A or B
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None of the above
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Detailed explanation-1: -Hamilton and his associates, typically urban bankers and businessmen, then formed the Federalist Party to promote their shared political ideas. Federalists believed in a centralized national government with strong fiscal roots. In addition, the Federalists felt that the Constitution was open for interpretation.
Detailed explanation-2: -Influential public leaders who accepted the Federalist label included John Adams, Alexander Hamilton, John Jay, Rufus King, John Marshall, Timothy Pickering and Charles Cotesworth Pinckney.
Detailed explanation-3: -Over the decade of the 1790s, the Federalists stood for the following economic policies: funding of the old Revolutionary War debt and the assumption of state debts, passage of excise laws, creation of a central bank, maintenance of a tariff system, and favourable treatment of American shipping.