Oligarchy is the political system that is run by a group of noble families or wealthy members of a society. The term Oligarchy was first used by the great Aristotle for describing the powers that were held by a very small and highly privileged group. These people often misused their powers and treated the people under their rule very poorly and also used them to satisfy their selfish needs. It has been commonly seen that the rulers that believed in Oligarchy actually selected people on herediterary basis and not based on merit.
Answer:
Alexander Hamilton belonged to the Federalist Party, which supported the idea of a strong central government. He thought that the federal government should be able to keep a strong army and navy, to raise taxes, and to have good relations with Great Britain.
James Madison was on the opposite side. He was a member of the Democratic-Republican Party. This party favored a weak central government, and favored state and local power.
The biggest rift between Hamilton and Madison came when the issue of a federal bank came up in Congress. Hamilton wanted to create a Central Bank to take on the debts of the states, and to fund future programs and armies, Madison, as anti-federalist, naturally opposed this idea.
This rift was solved with the Compromise of 1790. The southerners, including James Madison, agreed to the creation of a national bank in exchange for having the new capital in southern territory (Washington D.C.).
The penalty was a 10 year moratorium on Chinese labor immigration. its was called the Chinese Exclusion Act
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