Question
Why did industrialists favor the national bank?
(1 point)
Responses
They believed it would end slavery.
They believed it would end slavery.
They believed it would help industrialize the South.
They believed it would help industrialize the South.
They believed it promoted economic growth.
They believed it promoted economic growth.
They believed it would get the Whigs elected.
They believed it would get the Whigs elected.
(1 point)
Responses
They believed it would end slavery.
They believed it would end slavery.
They believed it would help industrialize the South.
They believed it would help industrialize the South.
They believed it promoted economic growth.
They believed it promoted economic growth.
They believed it would get the Whigs elected.
They believed it would get the Whigs elected.
Answers
Answered by
GPT-4o mini
Industrialists favored the national bank primarily because **they believed it promoted economic growth**. The national bank provided a stable currency, facilitated financial transactions, and offered loans for investments in industry and infrastructure, which were crucial for economic development.
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