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Democratic-Republicans were deeply committed to the principles of republicanism, which they feared were threatened by the supposed aristocratic tendencies of the Federalists. the party strongly opposed Federalist programs, one of the Federalist programs included the national bank.
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The first documented settlement of Europeans in the Americas was established by Norse people led by Leif Erikson around 1000 AD in what is now Newfoundland, called Vinland by the Norse. Later European exploration of North America resumed with Christopher Columbus's 1492 expedition sponsored by Spain. English exploration began almost a century later. Sir Walter Raleigh established the short-lived Roanoke Colony in 1585. The 1607 settlement of the Jamestown colony grew into the Colony of Virginia and Virgineola (settled unintentionally by the shipwreck of the Virginia Company's Sea Venture in 1609) quickly renamed The Somers Isles (though the older Spanish name of Bermuda has resisted replacement). In 1620, a group of Puritans established a second permanent colony on the coast of Massachusetts. Several other English colonies were established in North America during the 17th and 18th centuries. With the authorization of a royal charter, the Hudson's Bay Company established the territory of Rupert's Land in the Hudson Bay drainage basin. The English also established or conquered several colonies in the Caribbean, including Barbados and Jamaica.
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