Question
What was Thomas Jefferson’s argument against the creation of a national bank?
The government already had the old British banks in place and working.
The government did not have the constitutional authority to do so.
The government did not need a bank as it did not deal with money.
The government already had the old British banks in place and working.
The government did not have the constitutional authority to do so.
The government did not need a bank as it did not deal with money.
Answers
GPT-4o mini
Thomas Jefferson's primary argument against the creation of a national bank was that the government did not have the constitutional authority to do so. He believed in a strict interpretation of the Constitution, arguing that since the Constitution did not explicitly grant the federal government the power to create a national bank, it should not be allowed. Jefferson was concerned about the potential for such a bank to centralize too much power in the federal government and to lead to corruption.