This paper is going to be a step by step evaluation of arguably the most important decade in American History. The time period covered in this paper is 1789-1801. These are the years in which the Federalists had the most influence in the new government. They accomplished an amazing amount in these 12 years.

The Federalist Party was one of the first political organizations in the United States. The members of this party supported a strong central government, a large peacetime army and navy, and a stable financial system.

Although the first president, George Washington, was not a Federalist, his Secretary of the Treasury, Alexander Hamilton, was the developer and leader of the Federalist party. Hamilton believed in a loose interpretation of the Constitution so that the central government could become more powerful. Also Hamilton, along with the other party members, believed that commerce and manufacturing were more important than agriculture.

During the first two years of the new federal government the biggest problem was that of raising money. At f

The years under George Washington and John Adams constitute a record of accomplishments not met since. The Federalists followed Hamilton's counsel to 'think continentally." A federal judiciary was established, the taxing power was used, the national debt was handled, American credit was fixed, and territory was cleared of the British and Spanish populations.

The third view was the one taken by George Washington. He realized that a war with England on the side of the French would be suicidal, but at the same time he didn't want America to be known as the nation that breaks treaties. George Washington proclaimed that America will be neutral. He forbade any American citizen from helping any warring nation.

The bank made little banks, who couldn't compete, go out of business. The rich ended up being able to buy a part in the bank and so got richer, and the poor and middle class didn't get the benefits. The central government was becoming self sufficient, and less dependent on the states.

John Marshall, chief justice of supreme court, began his tenure in 1801. Justice Marshall was a steadfast Federalist. He maintained the Federalist ways long after the party seized to exist. Decision after decision chief Marshall declared the central government supreme to the state. He stretched the constitution far in seeing that the states yield rights to the federal government. He maintained this for 34 years, shaping the loose collection of states into a solid National Union.

The mare magnitude of the debt seemed to compel some measure of avoidance. In 1789, the national debt totaled more than $50 million, $11,700,000 of which was owed to France and Spain and the private bankers of Netherlands, while $40 million was in the form of securities held by citizens of the United States. The interests owed to the bankers were being payed off by loans from the bankers themselves. The government didn't even have enough money to pay the Barbary corsairs for release of captive sailors!

Some common words found in the essay are:
Bank United, Financial Dilemma, France Republicans, Jefferson Republicans, Public Credit, France Spain, Justice Marshall, George Washington, Revolution French-British, Alexander Hamilton, central government, george washington, federalist party, federal government, loose interpretation constitution, followers favored, jefferson republicans, national debt, john adams, interpretation constitution, war france,
Approximate Word count = 1520
Approximate Pages = 6 (250 words per page double spaced)