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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.
Republican Party (United States) The United States Republican Party is one of the two biggest political parties in the United States of America. The other large party is the Democratic Party. The United States also has many other small parties known as third parties. The Republicans are often called the right or conservatives. The Republican Party itself is also known as the GOP, which stands for Grand Old Party.. The symbol of the Republican party is the elephant. This symbol was first used in 1874 in a political cartoon (pictured), by Thomas Nast.