(C) Nationalists / States Rights
The Federalists were keen on creating a large government that would govern over states as the central authority. The party included George Washington, Alexander Hamilton, John Adams and John Jay.
The Anti-Federalists on the other hand opposed a central government and preferred to leave the power in the hands of state governments or "popular sovereignty". The party's notable members were Samuel Adams, Patrick Henry and George Mason.
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An increase in the value of a currency is called currency appreciation. depreciation the exchange rate appreciation a trade surplus
