Final answer:
The Federalist party supported a strong central government and Hamilton's financial program, while the Democratic-Republicans were wary of an expanded federal government and believed in limiting its powers.
Step-by-step explanation:
The Federalist and Democratic-Republican parties held different views on various historical issues during the early years of the United States. The Federalists, led by Alexander Hamilton, believed in a strong central government and supported Hamilton's bold financial program. They saw the federal government as a positive force for change and economic stability. On the other hand, the Democratic-Republicans, led by Thomas Jefferson, were wary of an expanded federal government and believed in limiting its powers. They argued that the Constitution did not permit Hamilton's program and were concerned that the new national government had assumed powers it did not rightfully possess.