So argues Kevin Gutzman in There is No Authentic American Right – and a Good Thing, Too. In What Hath God Wrought: The Transformation of America, 1815-1848 there is some coverage given to the attempt by some early Federalists to create what might be termed a Tory party. They failed. In many ways both the pro-business and development Whigs and populist Democrats who crystallized during this period were liberal parties. Though it must be added my understanding is that most liberal parties in the world are generally clustered on the Right more than the Left in the public imagination (e.g., German Free Democratic Party).