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
Those who favored a strong national government and a national bank were primarily Federalists, including prominent figures like Alexander Hamilton. They believed that a national bank would stabilize the economy, facilitate trade, and provide a uniform currency, which appealed to bankers, merchants, and businessmen. This group argued that a strong central government was necessary to manage the nation's financial system and support economic growth. Their vision contrasted with the Democratic-Republicans, who advocated for states' rights and a more decentralized government.
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.