In looking at the politics of the opening decades of the nineteenth Century, scholarly attention has been drawn to the self-destruction of the Federalists, the ascendancy of the Jeffersonian Republicans, or the emergence of the Jacksonian Democrats. What gets lost in the way scholars view this political drama is the coalescence of an American Whig identity, forged in the decade of the 1820's. At least part of this inattention can be explained by scholarly appraisals of the Whig party as intellectually incoherent, politically cynical, and, ultimately, unsuccessful.
The Whig position was, indeed, a curious one: the Whigs heralded the growth of the modern capitalist market that would unleash the forces of entrepreneurial individualism, yet they decried the loss of the precommercial values of deference, virtue, and hierarchical Community; they embraced the prosperity brought about by commerce, yet they feared the corruption of virtue that resulted from the pursuit of interest; and they looked forward to a capitalist economy while glancing back at an antidemocratic Federalism and Puritan moralism.