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Essay heading: jefferson and hamilton
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History |
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| Date added: |
July 15, 2008 |
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2 / 332 |
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Jefferson also argued that no where in the Constitution was it written to establish a bank which Hamilton greatly opposed.
Hamilton argued that because of the large amount of facts, more authority had to be implied on general parts of the Constitution. Congress agreed that the Constitution authorized the national government to levy and collect taxes, pay debts and borrow money... displayed 300 characters
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Congress agreed that the Constitution authorized the national government to levy and collect taxes, pay debts and borrow money. A national bank would significantly help in performing these jobs efficiently. Congress, therefore, was entitled, under its implied powers, to create such a bank. Washington and the Congress accepted Hamilton's view... displayed next 300 characters
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