Explain why the Federalists fell from power in the late 1790s.
Hello & thank you for using Brainmass. I shall assume that you have already prior knowledge to US politics of this period especially the issue between Federalists and Anti-federalists. It is important to review them however to expand this solution. I hope the solution below, which was written as concisely as possible to explain the loss of Federalist influence in 1790's help you in your studies. The information is based on general references so to make it more course-specific for you please check with your course materials. Good luck!
OTA 105878/Xenia Jones
Federalism as a movement was the brainchild of Alexander Hamilton, first Treasury Secretary of the United States under George Washington. Hamilton believed in centralizing power within the national government; a strong national government with financial credibility, Hamilton believed, lies in strengthened economic programs that will allow for a robust America. While politics for Hamilton is undeniable, National Economics for him will allow for strong national foundations. These were his proposals;
? The Creation of a national Bank - to assume federal & State Debts as well as finance the projects & needs of the American Government
? Annual Analysis of National Credit - Hamilton reported 3 Credit assessments of the young nation to the first congress to convince the members in creating a national plan that would solve the debts incurred by conflicts & national concerns; he proposed an actual regular financial assessment of the nation's financial situation
? Industrial & Manufacturing Policies - Hamilton believed that encouraging industry & manufacturing will bring about economic stability; to do this, the nation needs to establish national economic policies that would be valid across the US, not just in particular states.
Banks, financial institutions & merchants supported Hamilton's plans. Several politicians representing their states & their citizenry saw wisdom in Hamilton's proposals as well. As it was, the young nation borrowed money from Europe to ...
The solution is a 1,206-word essay that provides a historical and socio-political explanation to illustrate the reasons behind the fall of the Federalists from power in the late 18th century. References, both web and print are listed to allow students to expand on the information provided. A word version of the solution is attached for easy download and printing.