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Nova net: they belived it promoted economic growth
Jeremy Dooley
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What groups tended to favor tariffs?
NovaNet ANSWER: Northern industrialists
Why was Hamilton in favor of a national bank?
A tariff is a tax on imported goods.
Did Federalists favor a national bank?
the believed in promoted economic growth <novanet>
Is the national bank and the second bank of the US the same?
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.
Battle over national bank?
The battle over national bank happened when president Jackson wanted to get rid of the national bank
Why did industrialists favor the nation bank?
Nova net: they belived it promoted economic growth
Was northern industrialists in favor of the sale of western land?
yes they were in favor
What groups tended to favor tariffs?
NovaNet ANSWER: Northern industrialists
Why was Hamilton in favor of a national bank?
A tariff is a tax on imported goods.
Which groups tended to favor tariffs?
Northern industrialists favored tariffs.
Why did industsrialists favor the national bank?
Novanet: They believed it promoted economic growth.
Did Federalists favor a national bank?
the believed in promoted economic growth <novanet>
Did President Abraham Lincoln favor capitalist industrialists over ordinary people?
Yes
Did Thomas Jefferson favor the creation of a national bank?
He didn't because he believed in strict construction of he constitution, which led him to believe that anything that is not written clearly in the constitution should not be done. Thus he opposed the creation of the bank because the constitution did not specifically grant power to Congress to create one. Alexander Hamilton favor the bank, because he believed in lose construction of the Constitution, and according to the "Elastic clause", the congress can do whatever that is for the good of the people. Thus Hamilton was for the creation of the national bank.
Why was secretary of state Thomas Jefferson opposed to the creation of the national bank?
He felt that the Constitution did not authorize the government to create a bank.
Why did northerners favor protective tariffs?
To reduce competition from foreign grain producers. Northern America industrialists increase the demand for American. This is for manufactured goods.
Do you have to bank with First National Bank?
Only if you want First National Bank to be your bank.
