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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, commonly referred to as the GOP (abbreviation for Grand Old Party), is one of the two major contemporary political parties in the United States, the other being its historic rival, the Democratic Party.ounded in the Northern states in 1854 by anti-slavery activists, modernizers, ex-Whigs, and ex-Free Soilers, the Republican Party quickly became the principal opposition to the dominant Democratic Party and the briefly popular Know Nothing Party.