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What did Hamilton see in the Constitution that gave him the authority to create a national bank?
Wiki User
∙ 13y ago
He argued that Congress had the power to create a bank because the Constitution granted the federal government authority to do anything "necessary and proper" to carry out its constitutional functions
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoHave the national bank hold funds, lend money and develop currency.
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What president believed that the constitution did not give congress the authority to create a national bank?
The First Bank of the United States was opposed by Presidents Thomas Jefferson and James Madison, who both believed it to be unconstitutional.
Hamilton believed the Constitution ________ gave Congress the power to create a bank.?
Indirectly
What type of government did Hamilton believe in?
Hamilton was a Federalist who believed in a country with a strong federal government. For example, he wrote the Public Report on a National Bank, in which he suggested that the national government should create a bank to help get rid of Revolutionary War debt, even though some argued that it was a breach of the Constitution.
Did the constitution also create a weaker national government?
no, it did not.
What was the purpose of Hamilton's program--to create a wealthy class and bind their loyalties to the national government or to build a strong and prosperous nation?
He wanted to relieve the country of national debt, which is where the Economic Plan came out. He wanted to create a national bank, place high tariffs to reduce debt, and fund at "par" on government spending to prevent further debt.
Why did Thomas Jefferson opposed Alexander Hamilton's plan to create a national bank primarily?
depend on a loose interpretation of the constitution
What president believed that the constitution did not give congress the authority to create a national bank?
The First Bank of the United States was opposed by Presidents Thomas Jefferson and James Madison, who both believed it to be unconstitutional.
Who wanted to create a national bank?
Hamilton
What was Hamilton's plan to get the nation out of debt was?
Hamilton wanted to create a national bank, use manufacturing to fund the national debt.
Why did jefferson and madision oppose the national bank?
They believed it was unconstitutional because it was not stated in the constitution that one of the powers of the federal government was to create a national bank. Hamilton however said that it was needed to enforce taxes and that because of the "necessary and proper" clause, they should create a national bank, so they did.
Hamilton believed the Constitution ________ gave Congress the power to create a bank.?
Indirectly
Did the Constitution create a stronger national or state government?
yes, the constitution created a stronger national government :)
Why did Hamilton want to create a national bank?
Alexander Hamilton wanted to assume all of the state's debts from the revolution and create a consistent monetary fund.
Why did Hamilton want to create national bank?
Alexander Hamilton wanted to assume all of the state's debts from the revolution and create a consistent monetary fund.
Did Thomas Jefferson favor the creation of a national bank?
He didn't because he believed in strict construction of he constitution, which led him to believe that anything that is not written clearly in the constitution should not be done. Thus he opposed the creation of the bank because the constitution did not specifically grant power to Congress to create one. Alexander Hamilton favor the bank, because he believed in lose construction of the Constitution, and according to the "Elastic clause", the congress can do whatever that is for the good of the people. Thus Hamilton was for the creation of the national bank.
Did the constitution also create a weaker national government?
no, it did not.
In 1790 Alexander Hamilton proposed the creation of a national bank. Which of the following is one of the reasons that people like Thomas Jefferson opposed the creation of a national bank The bank was?
The Constitution did not specifically grant the government the power to create the bank.
