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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.
Political Parties and Democracy Political partiescan either be good or bad for democracy. The word democracy comes from two Latin words: demos (people), and kratein, (to rule). (Microsoft Encarta Online Encyclopedia, 2001). Political Parties and Democracy. Democracy is government of the people.