Q17

Question

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

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 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 believed that it gave the federal government too much power.
He believed that it gave the federal government too much power.
He believed that Americans would protest if it was established.

Answer 1

Thomas Jefferson opposed Hamilton's plan for creating a national bank for the following two reasons:

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.

These points reflect Jefferson's strict interpretation of the Constitution and his concerns about centralizing power in the federal government.