Why did industrialists favor the national bank?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0AThey believed it would end slavery.%0D%0AThey believed it would end slavery.%0D%0A%0D%0AThey believed it would help industrialize the South.%0D%0AThey believed it would help industrialize the South.%0D%0A%0D%0AThey believed it promoted economic growth.%0D%0AThey believed it promoted economic growth.%0D%0A%0D%0AThey believed it would get the Whigs elected.
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The response "They believed it promoted economic growth" is the most accurate. Industrialists favored the national bank because they believed it would support and stimulate economic growth in the country. The national bank would provide a stable and reliable source of credit and currency, enabling businesses to expand and invest in new ventures. Additionally, the national bank would regulate the money supply, providing stability and preventing economic fluctuations that could negatively impact industrialists' businesses.