hy did Jefferson oppose Hamilton’s plan for creating a national bank? Select all that apply.(2 points)
Responses
He believed that Americans would protest if it was established
He believed that Americans would protest if it was established
He felt a national bank was necessary for the government to collect taxes and pay its bills
He felt a national bank was necessary for the government to collect taxes and pay its bills
He believed that it gave the federal government too much power.
He believed that it gave the federal government too much power.
He argued that Congress did not have the constitutional power to establish it
He argued that Congress did not have the constitutional power to establish it
Jefferson opposed Hamilton's plan for creating a national bank for the following reasons:
1. He believed that it gave the federal government too much power.
2. He argued that Congress did not have the constitutional power to establish it.
The correct options for why Jefferson opposed Hamilton's plan for creating a national bank are:
- He believed that it gave the federal government too much power.
- He argued that Congress did not have the constitutional power to establish it.
To arrive at this answer, let's assess each option:
1. He believed that Americans would protest if it was established:
This option does not align with Jefferson's reasons for opposing Hamilton's plan. Jefferson's opposition was grounded in concerns about the concentration of power and constitutionality, rather than anticipating public protests.
2. He felt a national bank was necessary for the government to collect taxes and pay its bills:
This option contradicts Jefferson's stance. Jefferson did recognize the need for the government to have means to collect taxes and pay its obligations, but he favored alternative methods, such as state banks, to fulfill those functions rather than a centralized national bank.
3. He believed that it gave the federal government too much power:
This option reflects one of Jefferson's primary reasons for opposing Hamilton's plan. Jefferson was concerned that the establishment of a national bank would lead to an increase in federal power, infringing on the rights and authority of the states.
4. He argued that Congress did not have the constitutional power to establish it:
This option aligns with one of Jefferson's key arguments against the creation of a national bank. Jefferson contended that the Constitution did not grant Congress the explicit power to establish a national bank, and therefore, it should not proceed with the plan.
Therefore, the correct options for Jefferson's opposition to Hamilton's plan are that Jefferson believed it gave the federal government too much power and argued that Congress did not have the constitutional power to establish it.