Final answer:
The Federalist Party supported a strong central government, a loose interpretation of the Constitution, and consisted of agrarian interests. On the other hand, the Democratic-Republican Party favored a limited central government, strict construction of the Constitution, and had a more urban-centric focus. The Democratic-Republicans also advocated for a national bank, in contrast to the Federalist stance.
Step-by-step explanation:
The Federalist Party and the Democratic-Republican Party had differing views on the role of the central government. The Federalists favored a strong central government, believing it would bring prosperity to all Americans, while the Democratic-Republicans preferred a limited central government, fearing the trampling of people's rights. Additionally, the Federalists supported a loose interpretation of the Constitution, whereas the Democratic-Republicans favored strict construction.
Furthermore, the Federalists were primarily composed of agrarian interests, while the Democratic-Republicans were more urban-centric. Lastly, the Democratic-Republicans advocated for a national bank, which went against the Federalist stance.