Question

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?
A.
There was a high probability that the bank would fail.
B.
The bank was not necessary because the federal government did not have any money.
C.
The Constitution did not specifically grant the government the power to create the bank.
D.
The bank would cause high inflation, and it would harm the economy.

Answer 1

C. The Constitution did not specifically grant the government the power to create the bank.

Jefferson opposed the bank on strict-construction grounds, arguing that because the Constitution did not explicitly authorize a national bank, the federal government had no power to create one.