The
Federalist Party was the first American political party. It existed from the early 1790s to 1816; its remnants lasted into the 1820s. The Federalists called for a strong national government that promoted economic growth and fostered friendly relationships with Great Britain, as well as opposition to revolutionary France. The party controlled the federal government until 1801, when it was overwhelmed by the Republican opposition led by
Thomas Jefferson. It came into being between 1792 and 1794 as a national coalition of bankers and businessmen in support of
Alexander Hamilton's fiscal policies. These supporters developed into the organized Federalist Party, which was committed to a fiscally sound and nationalistic government. The only Federalist president was
John Adams; although
George Washington was broadly sympathetic to the Federalist program, he remained officially non-partisan during his entire presidency.