Question

Questiu

10 13 points)
15
Which statement best analyzes the positions of South Carolinians on the issue of the
creation of a national bank in the early 1800s?
The upcountry hoped a national bank would boost the economy in their region,
while lowcountry residents feared it would take away from the economic
success found in their area.
Those in the upcountry hoped a national bank would strengthen ties to foreign
markets, while those in the lowcountry preferred a state bank to handle trade
with other countries.
Upcountry residents believed a national bank would put too much power in the
hands of the national government. Lowcountry residents supported a strong
national bank to strengthen the economy.
The upcountry opposed the national bank due to their strong dislike of Thomas
Jefferson who presented the idea. The lowcountry elite supported Jefferson and
his push for a national bank.

Answer 1

Jefferson opposed the idea due to him believing it’d rob off people and other states taking southern states money. Well that’s what I think he thought

Answer 2

The correct answer is C) Upcountry residents believed a national bank would put too much power in the hands of the national government. Lowcountry residents supported a strong national bank to strengthen the economy.

The statement that best analyzes the positions of South Carolinians on the issue of the creation of a national bank in the early 1800s is the following: Upcountry residents believed a national bank would put too much power in the hands of the national government. Lowcountry residents supported a strong national bank to strengthen the economy.

The Upcountry in South Carolina was the region where farmers that worked their lands without the help of slaves. It was the Northwestern region of South Carolina, On the other hand, the Lowcountry was the area around Charleston in the Atlantic shores. Wealthy people lived there and were the ones who exerted more political influence. The Lowcountry people favored the federalist's ideas of Alexander Hamilton regarding the creation of a national bank. However, Upcountry people supported the antifederalist's ideas of Thomas Jefferson, who considered that a strong central government and a national bank were not good for the United States.