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The disagreements over Alexander Hamilton's financial plan, particularly regarding the assumption of state debts and the establishment of a national bank, led to significant political divisions in the early United States. This conflict ultimately resulted in the formation of the first political parties: the Federalists, who supported Hamilton's vision, and the Democratic-Republicans, led by Thomas Jefferson, who opposed it. These divisions not only shaped the political landscape but also influenced policy debates and the development of the American political system.

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