The DemocraticRepublicans party favored strong state governments and interests of farmers over industrialists. The correct option among all the options given in the question is the first option. The Democratic-Republican party was formed by Thomas Jefferson and James Madison in the year 1792. This party was the dominant party in the United states of America between the time period 1800 until the 1820s. The members of this political party often referred themselves as the Republicans. The founders of this party formed this party to oppose the foreign and economic policy of the federalists.