Jefferson's Party - the Democratic-Republicans
** were headed by Thomas Jefferson and James Madison
** were in favor of a weak central government
** believed power should be centered in the legislative branch
** opposed most of Alexander Hamilton's economic policies (assumption, national bank)
** were in favor of the farmer as opposed to the merchant (particularly Jefferson)
** strict constructionists
** would have 3 presidents of their party - Madison, Jefferson, and Monroe
Hamilton's Party - the Federalists
** were headed by Alexander Hamilton (primarily)
** were in favor of a strong central government
** believed power should be centered in the executive branch
** favored most of Alexander Hamilton's economic policies (how they got started)
** were in favor of the merchant as opposed to the farmer (particularly Hamilton)
** were loose constructionist
** would have 1 president of their party - Adams
It should be noted that a lot of the party's beliefs came from their leaders, Jefferson and Hamilton. Not all Republicans believed everything on the above list, same as the Federalists.