During the [[First Party System]] (1790s–1820s) the [[Federalist Party]], led by [[Alexander Hamilton]], developed an important variation of republicanism that can be considered conservative. Rejecting [[monarchy]] and [[aristocracy]], they emphasized civic virtue as the core American value. The Federalists spoke for the propertied interests and the upper classes of the cities. They envisioned a modernizing land of banks and factories, with a strong army and navy. [[George Washington]] was their great hero. | During the [[First Party System]] (1790s–1820s) the [[Federalist Party]], led by [[Alexander Hamilton]], developed an important variation of republicanism that can be considered conservative. Rejecting [[monarchy]] and [[aristocracy]], they emphasized civic virtue as the core American value. The Federalists spoke for the propertied interests and the upper classes of the cities. They envisioned a modernizing land of banks and factories, with a strong army and navy. [[George Washington]] was their great hero. |