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The federal government has only the power to do exactly as the Constitution says. In George Washington's Presidency Alexander Hamilton who believed in loose construction believed that because the Constitution did not say that creating a national bank was illegal, then it could be done. Thomas Jefferson a believer of a strict interpretation believed that if it was not said in the Constitution that the Federal Government could make a National Bank then it is not allowed. The idea of strict and loose interpretation is fought about even to this day.

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Q: In a strict interpretation of the Constitution the federal government has only what power?
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