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They agreed because they hoped it would offer stability for the U.S economy.
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Hamilton asked Congress to create a national bank named ....?
The Bank of the United States
What was the outcome of Madison and Jefferson disagreeing with Hamilton's plan of a national bank?
Congress decided to create the bank anyways and therefore formed the Bank of the United States.
Did the federalists agree with the national bank?
Yes
What did Hamilton see in the Constitution that gave him the authority to create a national bank?
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
Washington ______, and Congress _____ the National bank?
Agreed, created
Did Hamilton and Jefferson ever agree on anything about the national bank?
no
Why did Jefferson think the National Bank was unconstitutional?
Thomas Jefferson believed that an increase in the power of the government, which a national bank would surely provide, would lead to tyranny. He felt the bank of the United States was closely tied to the country's British influence, and believed the Constitution did not give Congress the power to create a bank.
Who wanted to create a national bank?
Hamilton
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.
Who want to create national bank?
wanted*** and Alexander Hamilton wanted to create a national bank because he thought it would solve debt earier.
The national bank created by congress in 1816?
The national bank that was created by Congress in 1816 was called the Second Bank of the United States. They also created the Federal Reserve System to monitor banking practices.
Hamilton believed the Constitution ________ gave Congress the power to create a bank.?
Indirectly
