Question

Why were Southerners opposed to the National bank ?

A) They felt the national bank helped stabilize currency and credit
B) They felt the national bank restricted credit and placed too much power in the hands of a few bankers
C) The national bank did not loan money to slave owners
D) The national bank charged higher interest rates on loans than all state banks

Answer 1

I believe the correct answer is B

Step-by-step explanation:

Answer 2

B

Step-by-step explanation:

The Southern States opposed the idea of a National Bank which was essential to Hamilton's economic plans. The Southern States feared that the bank would favor the economic interests of the industrialized northern states.