Webster's Definition of "Federalism": the distribution of power in an organization (as a government) between a central authority and the constituent units (state governments)

FIRST THING TO KNOW: Both Federalists and Antifederalists supported Federalism.

FEDERALISM

· Main figure is Alexander Hamilton.

· Federalists were mostly well off, educated, and had a lot of interest in the protection of their money. They mostly lived along the seaboard. They were linked to the Loyalists of the Revolutionary days. Amazingly, many Loyalists supported the Constitution.

· Constitution: Supported strong central government. They believed that most of the power in the government should belong to the central government.

· Evolved into the Federalist Party.

· Federalists supported assumption of debt from the Revolutionary war, and funding the national debt at par.

· Also supported a protected tariff.

· Another large issue of the Federalist party was the National Bank, which they strongly supported.

· In trying to gain support for...