The Bank of the United States had been a subject of dispute since its early days. The Bank had great power over the nation’s banking system because it controlled loans made by state banks. When the Bank’s directors thought that state banks were making too many loans, they limited the amount these banks could lend. The cutbacks angered farmers and merchants who borrowed money to buy land or finance new businesses.
Use the passage to answer the question.
Which of these groups were most likely to be concerned about the Bank of the United States?
(1 point)
Responses
those in favor of a strong central government
those in favor of a strong central government
international businessmen
international businessmen
people in favor of states’ rights
1 answer
The group most likely to be concerned about the Bank of the United States is:
people in favor of states’ rights
This is because the Bank's control over loans and its ability to limit state banks' lending would be seen as a threat to state autonomy and local economic interests, particularly for farmers and merchants who relied on loans.
