Which statement best analyzes the positions of South Carolinians on the issue of the creation of a national bank in the early 1800s? The upcountry hoped a national bank would boost the economy in their region, while lowcountry residents feared it would take away from the economic success found in their area.

Those in the upcountry hoped a national bank would strengthen ties to foreign markets, while those in the lowcountry preferred a state bank to handle trade with other countries.

Upcountry residents believed a national bank would put too much power in the hands of the national government. Lowcountry residents supported a strong national bank to strengthen the economy.

The upcountry opposed the national bank due to their strong dislike of Thomas Jefferson who presented the idea. The lowcountry elite supported Jefferson and his push for a national bank.