Discussion about this post

User's avatar
Mike Moschos's avatar

The Federalists' program was defeated and rejected in the 19830s. Alexander Hamilton’s System was never fully implemented and then was destroyed during the Bank War. And the Whigs (in some senses the Federalists' successors) and Henry Clay's American System, which would have enacted the Federalists' program, was never implemented. From the 1830s until well after WW2 the United States pursued a policy of deliberate economic, governmental, scientific, fiscal redundancy and operated with substantial legal/regulatory and policy variability, a diffused and pluralized academe, infrastructural decision making was mostly done by states and localities (in the NE, Mid West, and West it was a bit more so by localities), its business landscape was one that was structurally biased towards being one dominated by geographically diffused, heterogeneous, and redundant mid sized firms; and its banking/finance/monetary system was decentralized, heterogenous, and had very pluralized capital formations. And the Federal government was the smallest of the three levels of government in regards to overall revenue intake and spending.

In all key designs it was something very different to, and in some cases pretty much the opposite of the Federalists program.

No posts

Ready for more?