History does repeat itself.
Conservatism (Latin: conservare, “to retain”)
They had a long-standing sentimental attachment to Britain (often with business and family links). They were procrastinators who realized that independence was bound to come some day, but wanted to postpone the moment. They were cautious and afraid of anarchy or tyranny that might come from mob rule.
Finally they were pessimists “who lacked the confidence in the future displayed by the Patriots.”
Post revolutionary times:
The Federalist Party dominated by Treasury Secretary Alexander Hamilton and by businessmen and merchants in the major cities were supportive of the modernizing, urbanizing, financial policies of Hamilton.
“These policies included the funding of the national debt”
Intellectually, Federalists, while devoted to liberty, held profoundly conservative views attuned to the American character. They believed that liberty is inseparable from union, that men are essentially unequal, that vox populi [voice of the people] is seldom if ever vox Dei [the voice of God], and that sinister outside influences are busy undermining American integrity, As time went on, the Federalists lost appeal with the average voter and were generally not equal to the tasks of party organization.
Perhaps we are again tiring of their ideal – in which conservatives feel themselves superior to the average man and carry on with the idea “that sinister outside influences are busy undermining American integrity”. That sentence could fuel countless conservatives into believing they must stay a ruling class; but is actually an excuse for consciously raping the average American of their income.