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Thomas Jefferson was a Democratic Republican. Thomas Jefferson began as an Anti-Federalist. During the Presidency of George Washington, he was a member of the â¦'Opposition' faction. Eventually he joined the Republican party - not to be mixed up with the Republican party that was established 1856-today.
Thomas Jefferson opposed the creation of the Bank of the United States because the Constitution did not specifically grant power to Congress to create one. Alexander Hamilton â¦felt that the power to create a bank was granted by the Elastic Clause in the Constitution. Congress approved the creation of the national bank in 1791. Sandra Jones.