In 1791 the conflict over the bank of the United States led to the foundation of two rival political parties. these two parties were?

The conflict over the Bank of the United States in 1791 led to the formation of the Federalist Party and the Democratic-Republican Party. The Federalists, led by figures like Alexander Hamilton, supported a strong central government and a national bank, while the Democratic-Republicans, led by Thomas Jefferson and James Madison, advocated for states' rights and a more agrarian society with limited federal power. This ideological divide marked the beginning of the American party system.