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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.
The Democrats started out as the conservative party but are now the liberal party, and the Republicans were once the liberal party but are now the conservative party. The Democratic Party we know today evolved from the conservative Democratic-Republican Party of the 1790's. The first contested Presidential election was in 1796. The Democratic-Republican Party nominated the conservative Thomas Jefferson as their first presidential nominee.