Topic > Thomas Jefferson Federalist Essay - 1010

He, like other Democratic-Republicans, did not agree with the ideas of the Federalist Party. He opposed tariffs and believed that if something should be improved, then it should be paid for by the state or those who need it. However, during his presidential term he no longer seemed to hold the same views. During his tenure he approved a Hamiltonian national bank. As previously stated, the Democratic-Republican Party had a lot of problems with these national banks because they believed them to be unconstitutional. They argued that the bank benefited traders and investors to the detriment of the population. However, Madison saw how beneficial the First National Bank was to the United States and relaxed his views for the greater good of the United States. However, this was not the only component of the Democratic-Republican framework that Madison distanced himself from. Madison also approved a tariff-based tax system and approved federally funded internal improvements. The tariffs approved by Madison were the first tariffs put into effect intended to protect the United States. These tariffs protected American merchants from being put out of business by foreign companies. This not only helps the U.S. economy, but also helps ensure the financial independence the country has sought to achieve. Thanks to internal improvements, the first federally funded road was commissioned