an early political party led by john adams and alexander hamilton that supported nationalizing the economy was known as the

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05-12-2022
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an early political party led by john adams and alexander hamilton that supported nationalizing the economy was known as the

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afreenmajid123 afreenmajid123 · Answer 1 · 2022-12-07T09:47:07-05:00

Washington. One of the first political parties led by John Adams and Alexander Hamilton to support the nationalization of the economy was known as the Federalist Party.

The Federalist Party was one of the first two political parties in United States history. During the administration of President George Washington, Alexander Hamilton, the first Secretary of the Treasury, won a following for his fiscal policies. Federalism was born in 1787, when Alexander Hamilton, John Jay, and James Madison wrote 85 essays known collectively as the Federalist Papers. . These eloquent political documents encouraged Americans to embrace the newly drafted Constitution and their stronger central government. The first parties were anti-federalists and federalists. Later, those who supported Hamilton's aggressive tax policies formed the Federalist Party, which grew to support government, an expansive interpretation of Congress's powers under the through the elastic clause, and a more market economy.

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