Why did Jefferson oppose Hamilton's plan for creating a national bank? Select all that apply

Question

('t point)
He argued that Congress did not have the constitutional power to establish it.
C He felt a national bank was necessary for the government to collect taxes and pay lis bills
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 Alexander Hamilton's plan for creating a national bank for the following reasons:

1. He argued that Congress did not have the constitutional power to establish it. - Jefferson believed in a strict interpretation of the Constitution, arguing that unless the Constitution explicitly granted Congress the power to create a national bank, it could not be done.

2. He believed that it gave the federal government too much power. - Jefferson was concerned that a national bank would centralize too much power in the hands of the federal government and diminish the autonomy of the states.

Jefferson's opposition was primarily rooted in these concerns rather than apprehensions about public protests or questioning the necessity of a national bank for tax collection.