Hamilton's next objective was to create a Bank of the United States, modeled after the Bank of England. A national bank would collect taxes, hold government funds, and make loans to the government and borrowers. One criticism directed against the bank was "unrepublican"--it would encourage speculation and corruption. The bank was also opposed on constitutional grounds. Adopting a position known as "strict constructionism," Thomas Jefferson and James Madison charged that a national bank was unconstitutional since the Constitution did not specifically give Congress the power to create a bank.
Hamilton responded to the charge that a bank was unconstitutional by formulating the doctrine of "implied powers." He argued that Congress had the power to create a bank because the Constitution granted the federal government authority to do anything "necessary and proper" to carry out its constitutional functions (in this case its fiscal duties).
In 1791, Congress passed a bill creating a national bank for a term of 20 years, leaving the question of the bank's constitutionality up to President Washington. The president reluctantly decided to sign the measure out of a conviction that a bank was necessary for the nation's financial well-being.
Buddhism was founded in the sixth century B.C. by Prince Siddhartha in
northeastern India. During this period India could be said to have been
part of the Maurya Empire, this is the empire founded by Chandragupta
Maurya which ruled over ancient India/
Answer:
Many colonies were economically more developed than they likely would have been had they not bee colonized. An example of this is India, a country which likely wouldn't be in the economic position it is today if it weren't for advances made under British rule. India would likely be even less developed than it is today and would probably be split into several if not many smaller nations/kingdoms.
