Thomas Jefferson was elected president of the United States in 1801 representing the Democratic-Republican Party. During his inaugural address he declared "We are all Republicans; we are all Federalists." Follow Federalist president John Adams, Jefferson says this because he wanted a smooth transition of powers. With this quote he promised his people that he would compromise, if necessary, for the sake of unity and he backed up his words with his domestic and foreign policies.
<Tab/>During his first years as president, Jefferson really lived up to his word concerning his domestic policies. Jefferson decided to keep Hamilton's National Bank and debt repayment plan even though he was completely against it. He lowered the national debt from 83 million to 57 million. …
