Why was democracy preached by the US hypocritical?

When the U. S. was just starting to form a government, they wanted to make sure power was equally distributed; make sure that power wasn't just given to a handful of people. A democracy is power given equally and letting the citizens decide the role and impact of the government. The Founding Fathers wanted equality for everyone (everyone truly meaning all white men). At this time women and slaves still didn't have political rights which is hypocritical to the meaning of democracy. When they said "Equality for all" they really meant "Equality for all white men." That is the reason why the democracy preached by the U. S. was hypocritical.