| − | The Federalist Party was one the first [[political parties]] in the [[United States]]. In 1790, U.S. [[Secretary of the Treasury]] [[Alexander Hamilton]] proposed a set of reforms designed to put the new federal government on a strong financial basis. The plan divided Congress, and those who supported Hamilton became the Federalist Party. [[Chief Justice]] [[John Marshall]] was the last Federalist in the federal government, serving until his death in 1835. The party met with several setbacks in the early nineteenth century that led to its demise. Hamilton, their leader, died in 1804 as a result of his famous duel with [[Aaron Burr]]. The party drew most of its support from New England, a region that largely opposed the [[War of 1812]]. Many of the Federalist Party's leaders labeled the conflict “Mr. Madison’s War.” The Federalists were among the interests that called the [[Hartford Convention]] in 1814 for the purpose of amending the Constitution, and carried with it the implied threat of secession. However, the convention dissolved with news of the [[Treaty of Ghent]] and [[Andrew Jackson]]’s victory at the [[Battle of New Orleans]]. The fortunes of the party declined after the War of 1812. The war demonstrated that the Federalists had been right about the need for a stronger national government. Various Federalist policies, including the recreation of a central bank, were adopted by Madison and the Republicans, making the party itself redundant. Defeat in the Massachusetts governor's race of 1823 marked the effective end of the party's history. | + | The Federalist Party was one the first [[political parties]] in the [[United States]]. In 1790, U.S. [[Secretary of the Treasury]] [[Alexander Hamilton]] proposed a set of reforms designed to put the new federal government on a strong financial basis. The plan divided Congress, and those who supported Hamilton became the Federalist Party. [[Chief Justice]] [[John Marshall]] was the last Federalist in the federal government, serving until his death in 1835. The party met with several setbacks in the early nineteenth century that led to its demise. Hamilton, their leader, died in 1804 as a result of his famous duel with [[Aaron Burr]]. The party drew most of its support from New England, a region that largely opposed the [[War of 1812]]. Many of the Federalist Party's leaders labeled the conflict “Mr. Madison’s War.” The Federalists were among the interests that called the [[Hartford Convention]] in 1814 for the purpose of amending the Constitution, and carried with it the implied threat of secession. However, the convention dissolved with news of the [[Treaty of Ghent]] and [[Andrew Jackson]]’s victory at the [[Battle of New Orleans]]. The fortunes of the party declined after the War of 1812. The war demonstrated that the Federalists had been right about the need for a stronger national government. Various Federalist policies, including the recreation of a central bank, were adopted by Madison and the Republicans, making the party itself redundant. 1n 1820, Richard Stockton was nominated for vice president, but the party did not nominate a presidential candidate at all. Republican James Monroe was reelected without opposition. Defeat in the Massachusetts governor's race of 1823 marked the effective end of the party's history. |