What two main political groups existed in the colonies in the 1700s? and how each group got its name

The two rival political parties during the 1796 election were the Federalist and the Democratic-Republican parties. The former supported a strong federal government and was mainly comprised by a wealthy intellectual elite. The latter was seen as the party of the people (hence the name), supported state government, and was comprised by diverse segments of the population (farmers, ethnic groups ...).