lexander Hamilton’s recommendation for creating a national bank is an example of(1 point)
Responses
a loose interpretation of the Constitution.
a loose interpretation of the Constitution.
a violation of states’ rights.
a violation of states’ rights.
a strict interpretation of the Constitution.
a strict interpretation of the Constitution.
a power given by the federal government.
a loose interpretation of the Constitution.
a loose interpretation of the Constitution.
Alexander Hamilton's recommendation for creating a national bank is an example of a loose interpretation of the Constitution.
To arrive at this answer, we need to understand the historical context and Hamilton's position on the matter. Alexander Hamilton, the first Secretary of the Treasury of the United States, strongly believed in a strong central government and a broad interpretation of the Constitution. He argued that the Constitution granted the federal government implied powers that were not explicitly mentioned but necessary for the efficient operation of the country.
In the case of the national bank, Hamilton argued that it was necessary for the government to have a central financial institution to manage the country's finances, regulate currency, and promote economic growth. However, the Constitution did not explicitly grant the federal government the power to create a national bank. Despite this, Hamilton believed that the Necessary and Proper Clause of the Constitution, also known as the Elastic Clause, gave the government implied powers to carry out its enumerated powers.
Opposing him, Thomas Jefferson and James Madison argued for a strict interpretation of the Constitution, believing that the federal government should only exercise the powers explicitly granted to it.
So, Hamilton's recommendation for a national bank was seen as an example of a loose interpretation of the Constitution, as he believed in the existence of implied powers and advocated for the use of those powers to create and operate the bank, even though it was not explicitly mentioned in the Constitution.