The development of the political parties formed in the early republican can be attributed to the rivalry between Thomas Jefferson and Alexander Hamilton.
Jefferson was a strong anti-federalist and would help to develop the Democratic-Republican party. Jefferson's focus on a small central government, states rights, and developing a nation based on independent farmers was a message that spoke to many rural communities.
On the other hand, there was Alexander Hamilton. Hamilton favored a strong central government, the development of an industrialized economy, and a loose interpretation of the US Constitution. Hamilton was supported by Northern merchants and wealthy elites, especially in the Northeast.
These two vastly different goals for America helped to spark the Federalist and Democratic-Republican parties in the United States during the early Republic.
Answer:
There were many aspects to the economy of the 1920s that led to one of the most crucial causes of the Great Depression - the stock market crash of 1929. In the early 1920s, consumer spending had reached an all-time high in the United States. American companies were mass-producing goods, and consumers were buying.
Explanation:
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