Why did Jefferson oppose Hamilton’s plan for creating a national bank? Select all that apply.
A. He argued that Congress did not have the constitutional power to establish it.
B. He felt that there would be no way to effectively run a national banking system.
* C. He believed that it gave the federal government too much power.
* D. He believed that Americans would protest if it was established.
I think one of your answers is wrong.
http://www.digitalhistory.uh.edu/teachers/lesson_plans/pdfs/unit3_4.pdf
To determine why Jefferson opposed Hamilton’s plan for creating a national bank and identify the correct options, we can examine historical sources and the arguments put forward by Jefferson himself.
A. Jefferson argued that Congress did not have the constitutional power to establish a national bank. This assertion is indeed one of the reasons Jefferson opposed the plan. Hamilton, on the other hand, believed that the "necessary and proper" clause of the Constitution gave Congress the authority to create a national bank.
B. Jefferson felt that there would be no way to effectively run a national banking system. While it is true that Jefferson had concerns about the practicality and efficiency of a national banking system, this reason is not specifically mentioned as a primary argument against it.
C. Jefferson believed that creating a national bank would give the federal government too much power. This is a valid reason and one of the key arguments made by Jefferson against Hamilton's plan. Jefferson believed in limiting federal power and promoting states' rights.
D. Jefferson believed that Americans would protest if the national bank was established. While Jefferson might have anticipated some public opposition to the establishment of a national bank, this reason is not explicitly mentioned as one of his main arguments against it.
Therefore, the correct options are:
- A. He argued that Congress did not have the constitutional power to establish it.
- C. He believed that it gave the federal government too much power.