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What led Jefferson to oppose Hamilton's plans to promote industry and found a national bank?

1 Answer

4 votes

Answer:

Not everyone agreed with Hamilton's plan. Thomas Jefferson was afraid that a national bank would create a financial monopoly that might undermine state banks and adopt policies that favored financiers and merchants, who tended to be creditors, over plantation owners and family farmers, who tended to be debtors

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User Will Chu
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