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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 in the United States, along with the Democratic Party. It is often called the Grand Old Party â¦ or the GOP. Founded in Ripon, Wisconsin, in 1854 by anti-slavery expansion activists and modernizers, the Republican Party quickly surpassed the Whig Party as the principal opposition to the Democratic Party.