Under the executive branch of the new constitution, Thomas Jefferson was the Secretary of State. When Alexander Hamilton wanted to create a new national bank, Jefferson adamantly spoke against it. He felt it would violate states rights by causing a huge competitor for the state banks, then causing a federal monopoly. Jefferson's argument was that since the Constitution did not say Congress could create a bank they should not be given that power. This is the philosophy of strict construction. Thomas Jefferson's beliefs led to the creation of the political party, Democratic Republicans. They believed in an extremely weak central government, no special privileges for special classes, especially manufacturers, and did not believe in letting every white male the ability to vote, only those intelligent enough to make wise decisions.