8.)How did the case of McCulloch vs. Maryland affect economic practices in the United States?
A.)It gave the states the right to tax federal banks
B.)It gave the people the right to create private banks
C.)It gave congress the right to establish a national bank***
D.)It gave the president the right to control state and federal banks
C?
agree, see:
http://www.ourdocuments.gov/doc.php?flash=true&doc=21
You did not read the link I gave you earlier, did you?
NO, hold on Im gonna right now
Try reading your text materials and the links we post for you before you go on guessing at these questions.
ok Reed
I agree with Damon
C) It gave Congress the right to establish a national bank is the correct answer.
To arrive at this answer, we can examine the case of McCulloch v. Maryland, a landmark Supreme Court case in 1819. Here's how you can understand its impact on economic practices in the United States:
1. Research the case: Start by familiarizing yourself with the case of McCulloch v. Maryland. This case involved the constitutionality of the Second Bank of the United States and a Maryland state tax imposed on it. Thoroughly understand the facts, arguments, and the final decision of the Court.
2. Analyze the Court's decision: In McCulloch v. Maryland, the Supreme Court ruled that establishing a national bank fell within the implied powers of Congress, as stated in the Necessary and Proper Clause of the Constitution (also known as the Elastic Clause). This clause allows Congress to make laws deemed necessary for executing its enumerated powers. The Court confirmed that Congress has the authority to create a national bank to manage the financial affairs of the country.
3. Consider the economic impact: With the Court's decision, it affirmed Congress's power to establish a national bank, which had significant implications for economic practices in the United States. A national bank could stabilize the economy, issue a single national currency, regulate credit, and facilitate commercial transactions. These economic functions became crucial tools for the federal government in managing the nation's finances and economic stability.
4. Evaluate the options: Now, let's evaluate the answer choices:
A) It gave the states the right to tax federal banks: This option is incorrect. McCulloch v. Maryland did not grant states the authority to tax federal banks. In fact, the case determined that Maryland's attempt to tax the Second Bank of the United States was unconstitutional.
B) It gave people the right to create private banks: This option is incorrect. The case did not focus on granting individuals the right to establish private banks. Instead, it dealt specifically with the powers of Congress to create a national bank.
C) It gave Congress the right to establish a national bank: This option is correct. As explained earlier, McCulloch v. Maryland affirmed Congress's power to establish a national bank. This decision bolstered the authority of the federal government in regulating the country's financial system.
D) It gave the president the right to control state and federal banks: This option is incorrect. The case did not grant the president the authority to control state and federal banks. It specifically dealt with the powers of Congress in establishing a national bank.
In conclusion, the correct answer is C) It gave Congress the right to establish a national bank.