ISSUE RULE THE MASSES FEDERALIST Government ruled by the “best” people Fear of “Mobocracy” FEDERAL POWER Power central/federal government. “remember the catastrophe that was the Articles of Confederation” Elastic. Implied Powers. Loose interpretation. Permissible if Constitution does not specifically prohibit it CONSTITUTIONAL INTERPRETATION TARIFF DEBT BUREAUCRACY BANK ECONOMY MILITARY TRADE Good; revenues/protects American manufacturers Debt is a blessing; manageable and motivating. Good for credit Large numbers of qualified officials help the government run smoothly Bank of the United States Trade, shipping, banks, manufacturing Build a large navy to protect merchant vessels Trade with everyone; Europe (Britain) JEFFERSONIAN DEMOCRATIC REPUBLICANS Government ruled by the informed masses Educate the mob. Teach them to know/practice democracy. Power should be at the state level b/c they know the people the best Strict, literal interpretation of the Constitution. Bad; people should have opportunity to buy cheap goods Debt a travesty. Why spend more than you make? Reduce it. Let the states do it Use state banks Farming, small/local trading Small navy for defense only Trade with ourselves; move west
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