All of the following is true about the Federalist Party,except

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The Federalist Party did not grow out of a group of American leaders who endorsed Jefferson's agrarian vision, as that vision was more closely associated with the Democratic-Republican Party. Instead, the Federalist Party formed around the principles established in Hamilton's economic policies and Jay's Treaty, and was suspicious of the whims of the populace. Federalist strongholds were in New England and the Middle Atlantic, and most members of the party were wealthy merchants, large property owners, and conservative farmers.

All of the Following Is True About the Federalist Party,except