Why did Jefferson oppose Hamilton’s plan for creating a national bank? Select all 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 believed that it gave the federal government too much power.
He believed that it gave the federal government too much power.
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 Americans would protest if it was established
choose two answers
He believed that it gave the federal government too much power.
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 argued that Congress did not have the constitutional power to establish it.
The correct answers are:
He believed that it gave the federal government too much power.
He argued that Congress did not have the constitutional power to establish it.
To determine why Jefferson opposed Hamilton's plan for creating a national bank, we can look at historical sources and analysis. One key factor was Jefferson's belief that the establishment of a national bank would grant too much power to the federal government. He was concerned that this accumulation of power could potentially undermine the rights and independence of individual states. Additionally, Jefferson argued that Congress did not have the constitutional authority to create a national bank. He believed in a strict interpretation of the Constitution, which limited the powers of the federal government to those explicitly granted by the Constitution. Jefferson's opposition to the national bank was rooted in his political ideology and his concerns about the balance of power between the federal government and the states.