Why did Jefferson oppose Hamilton's plan for creating a national bank? Select TWO answers.(2 points) Responses Jefferson believed that Americans would protest if a national bank was established. Jefferson believed that Americans would protest if a national bank was established. Jefferson argued that Congress did not have the constitutional authority to establish a national bank. Jefferson argued that Congress did not have the constitutional authority to establish a national bank. Jefferson believed that a national bank would give the federal government too much power. Jefferson believed that a national bank would give the federal government too much power. Jefferson felt a national bank was necessary for the government to collect taxes and pay its bills

Answer 1

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

1. Jefferson argued that Congress did not have the constitutional authority to establish a national bank. He believed in a strict interpretation of the Constitution, which meant that Congress could only exercise powers that were explicitly granted to it.

2. Jefferson believed that a national bank would give the federal government too much power. He feared that a national bank would concentrate financial power in the hands of the federal government, undermining the authority of state governments and potentially leading to an overreach of federal power.