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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 party splintered in 1824 into the Jacksonian movement (which became the Democratic Party in 1828) and the short-lived National Republican Party (later succeeded by the Whig Party). The term Democratic-Republican is used especially by modern political scientists for the first Republican Party (as opposed to the modern Republican Party founded in 1854). It is also known as the Jeffersonian Republicans.