Thomas Jefferson believed this national bank was unconstitutional. In contrast to Hamilton, Jefferson believed that states should charter their own banks.

7. To give them the sole and exclusive right of banking under the national authority; and so far is against the laws of Monopoly. 8.

Jefferson argued that the creation of a national bank was not a power granted under the enumerated powers, nor was it necessary and proper. Both gentlemen ...

Jefferson also believed that the Constitution did not give the national government the power to establish a bank. Hamilton disagreed on this point too.

29 янв. 2020 г. · Alexander Hamilton and Thomas Jefferson tried to make the case to President George Washington for and against having a national, central bank.

The dispute over the constitutionality of the Bank of the United States led to the classical statements of strict and loose construction of the Constitution ...

He also thought that a national bank was unconstitutional because the Tenth Amendment reserved all unenumerated powers to the states. President Washington ...

Subsequently, the war with Britain, now known as the War of 1812, necessitated a dramatic increase in government securities to finance defense expenditures.

7. to give them the sole and exclusive right of banking under the national authority: and so far is against the laws of Monopoly.