Why did many in the south not favor the national bank?

Question

AddyM · Answer

they thought it only helped the wealthy people gain more money.

AddyM · Answer

source:https://sites.google.com/site/jacksonianera/Home/national-bank#:~:text=Andrew%20Jackson%20disliked%20the%20bank,cheated%20honest%20farmers%20and%20mechanics.

viewing it as an agency through which speculators, monopolists, and other seekers after economic privilege cheated honest farmers and mechanics.

tayjah · Answer

The Southern States opposed the idea of a National Bank which was essential to Hamilton's economic plans. The Southern States feared that the bank would favor the economic interests of the industrialized northern states ( They were correct in this assessment.

Astrid1 · Answer

Thanks Guys!

AddyM · Answer

yw

tayjah · Answer

np