The first major crisis under the Constitution was Hamilton's financial plan.
The US had significant federal and state debt after the Revolution.
Hamilton's Banking Plan involved four things:
Opponents and proponents of Hamilton's plan created the first two political parties:
The creation of the banking plan led to the two party system.
In order to pass the banking plan, Federalists made a deal with the anti-federalists to move the capitol from New York to the South in ten years.