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The Democratic-Republicans, led by Thomas Jefferson and James Madison, were largely opposed to the Bank of the United States. They believed it favored wealthy elites and undermined states' rights, viewing it as an overreach of federal power. This opposition was particularly strong among agrarian interests and those who felt marginalized by the financial policies of the federal government. Their animosity played a significant role in the political debates of the early 19th century.

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1w ago

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