Flaws in Federalist Policy

Although the Federalist party had great ideas about regulating the nations economy, it's unwillingness to equally serve the American population led to it's downfall. Many great economic ideas and institutions came from the Federalist party, such as the Federal bank, and a national assumption of debt. The federalists recognized the importance of industry in the American economy, and did everything in their power to ensure a commercial-based economy, and a strong central government. However, federalist leaders such as Alexander Hamilton directed their focus on the wealthy, and almost didn't care about the poor. Hamilton wanted the government to be run by the wealthy, and give the middle classes less of a say in things. "Give therefore to the first class a distinct, permanent share in the government." (Hamilton-1787) Although the upper class was more organized and educated (and perhaps more capable of running the government), Hamilton forgot that the U.S. government was one that was "for the people and by the people." He refused to give each social class an equal part in the government and by doing so, contradicted the ideas upon which the U.S. was founded. Hamilton's severe policies were unjust and as a result he made many political enemies. The Republican ideas served America's entire population, and therefore appealed to more people than the Federalist policies did. It was this severe neglect of the rights of middle and lower class America that eventually led to the Federalist's loss of power and disappearance from politics.