
| Federalists | Republicans |
| Led by Alexander Hamilton | Led by Thomas Jefferson |
| Emphasized manufacturing, shipping and trade Believed the economic future of the US was in manufacturing and trade Believed that if the US could produce things, we wouldn't have to rely on other countries |
Emphasized Farming Jefferson believed that relying on manufacturing would put the power of the country into the hands of a few wealthy people and not the hard workers (farmers) |
| Wanted a strong federal government | Favored state government |
| Loose interpretation of the Constitution-allows for more use of the elastic clause | Strict interpretation of the Constitution-believe that government powers are written in the Constitution |
| Favored national bank | Opposed national bank |
| Pro-British | Pro-French |