Founded:1789
Dissolved: 1828
Description:
The Federalist Party was a conservative and nationalist American political party and the first political party in the United States. It dominated the national government under Alexander Hamilton from 1789 to 1801. The party was defeated by the Democratic-Republican Party in 1800, and it became a minority party while keeping its stronghold in New England. It made a brief resurgence by opposing the War of 1812, then collapsed with its last presidential candidate in 1816. Remnants lasted for a few years afterwards.
The party appealed to businesses who favored banks, national over state government, manufacturing, and an army and navy. In world affairs, the party preferred Great Britain and strongly opposed involvement in the French Revolutionary and Napoleonic Wars. The party favored centralization, federalism, modernization, industrialization, and protectionism. Federalist policies called for a national bank, tariffs, and good relations with Great Britain as expressed in the Jay Treaty negotiated in 1794.