Answer: Other congressmen argued that the congress did not yet have sufficient constitutional power to enact this law. Following passage of the fourteenth Amendment in 1868 congress ratified the 1866 ACT in 1870.
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Answer:
The response is Option B: Establishing a national bank is an implied power of the federal government
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Explanation:
Alexander Hamilton was the first Secretary of the Treasury and he had encouraged Congress to pass a law establishing a national bank. This was, however, a controversial proposal as some states rejected the idea of having to compete with a national bank. The power to regulate commerce through an institution such as a national bank is implied on the part of the federal government, it is not a right or role specifically spelled out in the constitution. This ruling protected the rights of the federal government by not allowing states to do something like imposing a tax on national bank transactions.
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