Political Parties
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What was one of the very first issues to shape the political institution we have today?
-Federalist vs. Anti Federalists
What are the five main Era’s the party system is broken up into?
• Jeffersonian Party • Jacksonian Party • Reconstruction Era • Industrial Republican under William McKinley system • Roosevelt Era
What occurred in the Jeffersonian party system?
• 1790-1824 • The foundation for the two major political institutions are set up • The Anti-Federalist developed into the modern Democrat. • -> the party was generally southerners that wanted to maintain an agrarian society • The Federalists formed the modern Republican • ->the party was for setting up a modern banking system for international trade
What occurred during the Jacksonian Party?
• Began with the election of Andrew Jackson • Also known as “Era of good feelings” b/c there was only a one party system. • First mass party system • Est. of a national bank, road infrastructure, and other government funded public projects
What occurred during the Reconstruction Era system?
• The two party system we have today emerged • By 1860 the Republican party of the North and Democratic party of the South • Republicans were abolitionists and Democrats were for slavery
What occurred during the period of 1874-1896?
-There was no indefinable party institution in control
What occurred during the William McKinley Era?
• Both Democratic and Republican parties wanted to break away form the faction • -> Progressive Republican and Populous party Democrats • By the end of the party’s era the Democrat and Republican factions were absorbed back • Introduced classical economics • -> Adam Smith “magic hand” for the free market
What is Keynesian economics?
• During economic crises the government ought to intervene by artificially creating short term debts with public work projects. • Government ought to stimulate the economy.
What occurred during the Roosevelt Era?
• Paradigm shift to Keynesian economics. • New Deal policy that implemented social security, dams, and bridges • Democrats focused on public work projects • Republicans focused on small government • set the stage for politicians arguing about regulations in modern society
What is realignment?
• Is the switch in political parties - Occurred with the North and South, North was initially Republican and S. switched Republican
What is the purpose of political parties?
• Representation of the populous in government - Can magnify representation by political parties
What are the 3 forms that political parties exists in?
• A group of people in the electorate • Party organization • Get majority of the members elected to get party in government - Goal is then to change public policy or translate members policy preferences into law