Question

Jefferson opposed the national bank on the basis that it would favor industry and

creditors over his vision of an agrarian nation of small landholders.
True
False

Answer 1

Thomas Jefferson opposed the national bank as he believed it would favor industry and creditors over his vision of an agrarian nation.

Step-by-step explanation:

True. Thomas Jefferson opposed the establishment of a national bank because he believed it would benefit industry and the wealthy at the expense of small farmers and agrarian society. He preferred an economy based on agriculture and believed that the national bank would concentrate power in the hands of creditors and promote speculative interests rather than the welfare of small landholders.

Learn more about Thomas Jefferson's opposition to the national bank