The first political parties were formed around regional and econ True False

True.<br /><br />The first political parties in the United States were indeed formed around regional and economic interests. The Federalist Party, led by Alexander Hamilton, represented commercial and business interests primarily in the northern states, while the Democratic-Republican Party, led by Thomas Jefferson and James Madison, represented agrarian interests primarily in the southern states. These parties emerged in the 1790s as a result of differing views on how the new nation should be governed and the direction its economy should take.