Industrials favored the national bank because as follows:
The First National Banks initially founded by Congress in 1791, continuing the successful campaign by Alexander Hamilton to build the institution. The 1st and 2nd National Banks were opposed by lawmakers supporting agrarian and small government interests because they saw the banks as symbols of federal overreach.
A national bank meant the government could go into debt, and its involvement and expenditure could benefit private economic interests, including industrialists. Hamilton argued that a national bank was required to preserve and develop the reputation of the country, and to strengthen the management of the United States government's financial business underneath the newly implemented Constitution.
