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The Democratic-Republican Party was an American political party formed by Thomas Jefferson and James Madison in 1791â93 to oppose the centralizing policies of the new Federalist Party run by Alexander Hamilton, who was then Secretary of the Treasury and chief architect of George Washington's administration.
Democratic-Republican Party. Democratic-Republican Party, originally (1792â98) Republican Party, first opposition political party in the United States. Organized in 1792 as the Republican Party, its members held power nationally between 1801 and 1825. It was the direct antecedent of the present Democratic Party.