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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 Republican Party is one of the two major contemporary political parties of the United States. It is often referred to as the Grand Old Party or the GOP. The party's main counterpart is the Democratic Party. The Grand Old Party nickname, which had previously been used by Southern Democrats, was applied to the Republican Party following the 1888 election cycle.