who facored the bank o the US?
Democratic-Republicans
The National Bank and the Second Bank of the United States are the same. The term national bank can refer to the Bank of North America as well as the First Bank of the United States.
The battle over national bank happened when president Jackson wanted to get rid of the national bank
What about it? There was indeed disagreement between the two since Hamilton favored a strong central government (and therefore a central banking system) and Jefferson supported distributing power to the states.
Alexander Hamilton was the leader and he lead the Federalists so the political party who favored development of industry on a national scale and favored a national bank is the federalists.
Alexander Hamilton
Alexander Hamilton
The believed it favored a wealthy few.
The believed it favored a wealthy few.
Jackson hated the National Bank on ideological grounds. He felt that the banks favored the rich over the poor man.
He thought it only served the ritch
The farming region in the 1820s that originally supported the National bank was the Southern region. When the National Bank changed their policies and made loans harder to get the people no longer supported the National Bank.
who facored the bank o the US?
The North favored National Government and the South favored State Government.
Thomas Jefferson was a strong advocate for small businesses and farmers, supporting states' rights and opposing a national bank. He believed in a decentralized government and an economy that prioritized agriculture over industrialization.
The Bank