Multiple choice

Alexander Hamilton supported the National Bank because it would 

  1. raise revenue to reduce the need for tariffs

  2. increase the power of state banks

  3. provide low-cost loans to farmers

  4. help ensure the economic stability of the newnation
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Hamilton believed a national bank was essential to stabilize the economy, manage national debt, and create a uniform currency, which were necessary for the survival of the new nation.

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