Why did Jefferson oppose Hamilton’s plan for creating a national bank? Select all that apply.(2 points)

Question

Responses

He argued that Congress did not have the constitutional power to establish it.
He argued that Congress did not have the constitutional power to establish it.

He felt a national bank was necessary for the government to collect taxes and pay its bills
He felt a national bank was necessary for the government to collect taxes and pay its bills

He believed that Americans would protest if it was established
He believed that Americans would protest if it was established

He believed that it gave the federal government too much power.

Answer 1

The reasons why Thomas Jefferson opposed Alexander Hamilton's plan for creating a national bank include:

1. He argued that Congress did not have the constitutional power to establish it.
2. He believed that it gave the federal government too much power.

The other options listed do not accurately reflect Jefferson's position on the national bank. He did not believe that a national bank was necessary for tax collection and governance, and while he may have worried about public sentiment, his primary objections were rooted in constitutional interpretation and concerns about federal power.