The Federalist Era refers to the period in American history from the late 1780s to the early 1800s, characterized by the establishment of a strong federal government following the ratification of the U.S. Constitution in 1788. This era saw the rise of the Federalist Party, led by figures like Alexander Hamilton and John Adams, who advocated for a centralized government and a robust economic system. During this time, significant events included the creation of the Bill of Rights in 1791, which guaranteed individual liberties, and the establishment of the First Bank of the United States in 1791. The era ended with the election of Thomas Jefferson in 1800, marking a shift towards the Democratic-Republican Party and a more decentralized approach to governance.