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The Federalist policies called for a national bank, tariffs, and good relations with Britain as expressed in the Jay Treaty negotiated in 1794. Hamilton developed the concept of implied powers, and successfully argued the adoption of that interpretation of the United States Constitution. Led by Thomas Jefferson, the Democratic-Republicans, their political opponents, denounced most of the Federalist policies, especially the bank and implied powers, and vehemently attacked the Jay Treaty as a sell-out of republican values to the British monarchy. The Jay Treaty passed, and indeed the Federalists won most of the major legislative battles in the 1790s. They held a strong base in the nation's cities and in New England. Due to the Franco-American War and Hamilton's popularity following his military involvement, the Federalists won the election of 1801 and began a powerful tenure that would last four presidential terms.