During the early decades of the history of the United States one of the main debates centered on the necessity and the constitutionality of the National Bank. The National Bank was first proposed by Secretary of Treasury Alexander Hamilton. His proposal was quickly resisted by Secretary of State Thomas Jefferson.
In this exercise your task is to provide an overview of the controversy surrounding the establishment of the National Bank. What were the pros and cons of such an institution?
Importantly, what Hamilton and Jefferson say about the bank? You must provide original quotes from the two men in order to illustrate their stand on the bank in their own words.
Look for: Jefferson’s Opinion on the Constitutionality of a National Bank and Hamilton’s Opinion as to the Constitutionality of the Bank of the United States.
Which side emerged victorious? What were the results or effects of the controversy over the National Bank?
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