Jay Treaty
Federalist policies called for a national bank, tariffs and good relations with Great Britain as expressed in the Jay Treaty negotiated in 1794. Hamilton developed the concept of implied powers and successfully argued the adoption of that interpretation of the Constitution. Their political opponents, the Democratic-Republicans led by Jefferson, denounced most of the Federalist policies, especially the bank and implied powers; and vehemently attacked the Jay Treaty as a sell-out of republican values to the British monarchy. The Jay Treaty passed and the Federalists won most of the major legislative battles in the 1790s. They held a strong base in the nation's cities and in New England. They factionalized when President Adams secured peace with France, to the anger of Hamilton's larger faction. After the Jeffersonians, whose base was in the rural South and West, won the hard-fought presidential election of 1800, the Federalists never returned to power. They recovered some strength through their intense opposition to the War of 1812, but they practically vanished during the Era of Good Feelings that followed the end of the war in 1815.