Question

@AnimeLover98
In 1790, Alexander Hamilton proposed the creation of a national bank. Which of the following is one of the reasons that people like Thomas Jefferson opposed the creation of a national bank?






The Constitution did not specifically grant the government the power to create the bank.





The bank was not necessary because the federal government did not have any money.





There was a high probability that the bank would fail.





The bank would cause high inflation, and it would harm the economy.

Answer 1

"Officially proposed to the first session of the First Congress in 1790, Hamilton's bank faced widespread resistance from opponents of increased federal power. Secretary of State Thomas Jefferson and James Madison led the opposition, which claimed that the bank was unconstitutional, and that it benefited merchants and investors at the expense of the majority of the population." (Wikipedia)

The main point is yes, Thomas Jefferson opposed this because he and his opposition believed it was unconstitutional.