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Which statement best explains why a majority of factory owners supported the Federalist

Party?
*
2 points
Factory owners were against the national bank because it would loan money to slave owners.
Factory owners believed higher tariffs on all imports would increase American industry.
Factory owners supported closer ties to Britain to open up new markets for American goods.
Factory owners wanted increased tension with France, so they could sell America war supplies.

1 answer

Factory owners believed higher tariffs on all imports would increase American industry.
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