The First Party System was the political party system in the United States between roughly 1792 and 1824. It featured two national parties competing for control of the presidency, Congress, and the states: the Federalist Party, created largely by Alexander Hamilton, and the rival Jeffersonian Democratic-Republican Party, formed by Thomas Jefferson and James Madison, usually called at the time the Republican Party (which is distinct from the modern Republican Party). The Federalists were dominant until 1800, while the Republicans were dominant after 1800. Both parties originated in national politics, but soon expanded their efforts to gain supporters and voters in every state. The Federalists appealed to the business community and the Republicans to the planters and farmers. By 1796, politics in every state was nearly monopolized by the two parties, with party newspapers and caucuses becoming effective tools to mobilize voters. The Federalists promoted the financial system of Treasury Secretary Hamilton, which emphasized federal assumption of state debts, a tariff to pay off those debts, a national bank to facilitate financing, and encouragement of banking and manufacturing. The Republicans, based in the plantation South, opposed strong executive power, were hostile to a standing army and navy, demanded a strict reading of the Constitutional powers of the federal government, and strongly opposed the Hamilton financial program. Perhaps even more important was foreign policy, where the Federalists favored Britain because of its political stability and its close ties to American trade, while the Republicans admired France and the French Revolution. Jefferson was especially fearful that British aristocratic influences would undermine republicanism. Britain and France were at war from 1793–1815, with only one brief interruption. Official American policy was neutrality, with the Federalists hostile to France, and the Republicans hostile to Britain. The Jay Treaty of 1794 marked the decisive mobilization of the two parties and their supporters in every state. President George Washington, while officially nonpartisan, generally supported the Federalists and that party made Washington their iconic hero. The First Party System ended during the Era of Good Feelings (1816–1824), as the Federalists shrank to a few isolated strongholds and the Democratic-Republicans lost unity. In 1824–28, as the Second Party System emerged, the Democratic-Republican Party split into the Jacksonian faction, which became the modern Democratic Party in the 1830s, and the Henry Clay faction, which was absorbed by Clay's Whig Party. Federalists versus Anti-Federalists in 1787–88 Leading nationalists, George Washington, Alexander Hamilton