Question

Alexander hamilton believed the legal reasoning behind a national bank fit under what part of the us constitution?.

Answer 1

Hamilton thought that the Constitution's Article I Section 8, which grants the Congress the ability to enact laws that are appropriate and necessary for the government, gave Congress the authority to establish a national bank.

James Madison, a representative from Virginia, and Secretary of State Thomas Jefferson disagreed, arguing that the states owned any authority that the Constitution did not expressly provide to Congress. Nevertheless, the bank measure easily passed the House with a vote of 39 to 20, and on February 25, 1791, President George Washington signed it into law. Congress allowed the bank's charter to expire 20 years later. Representative James Madison of Virginia fought for the Constitution's Bill of Rights while he was serving in the House.

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