Benefits of Federalists
It is beneficial that Federalists had the most power in the American government for a time before the Republicans gained power. During the Federalist's rule they were successful in creating foundations that allowed others to build upon, but not radically change, the progress of the nation. Just some of the "foundations" that the Federalists set up were the bank, the national debt, and a foreign policy. The bank was a strong institution set up by Hamilton, the secretary of the treasury under president Washington. The bank was where the treasury would invest their surplus money. This allowed federal money to be kept in circulation, and be allowed to stimulate business. Yet another function of the bank would be to print and circulate federal currency. This is obviously a step in the right direction for a budding nation. By setting up a national bank America, under the federalists, the nation was moving towards a strong economy. The bank also brought up another issue when it was discussed in congress. Hamilton who was proposing the bank came under fire from Jefferson for taking a loose construction of the co
nstitution. Jefferson believed that a strong construction was the proper construction. "Jefferson's doctrine of strict construction, rigorously applied, would have been a straitjacket, preventing the federal government from adapting to meet both the challenges and the opportunities that were to come in the future." According to this quote Hamilton and the Federalists' loose construction allowed the government to flourish, and adapt when necessary. This greatly benefited the country, where as a strict construction might have striped the government of needed powers. Aside from the afore mentioned economic foundations established by Federalists, a neutrality proclamation was issued by president Washington in 1793. This was one of the first foreign policies that America adopted. "Accordingly, Washington boldly issued his Neutrality Proclamation in 1793, shortly after the outbreak of war between Britain and France. This epochal document not only proclaimed the government's official neutrality in the widening conflict by sternly warned American citizens to be impartial towards both armed camps...such proved to be a major prop of the spreadi
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Approximate Word count = 777
Approximate Pages = 3 (250 words per page double spaced)
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