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.
Yes. A Caravel was of Spanish/Portuguese descent, and was denoted to have around 3 to 4 sails, in which at least 1 is of triangle shape, and is known for it's speed. It was also shallow enough to navigate through small rivers, yet being able to withstand the high seas.
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Answer:
The right to bear arms, religious freedom, needing a search warrant to search someone's house
Explanation:
Answer:
D - to work with businesses to promote economic growth
Explanation:
The secretary is concerned with promoting American businesses and industries; the department states its mission to be "to foster, promote, and develop the foreign and domestic commerce"
Led by Alexander Hamilton, albeit secretly at first, the Federalists were the first political party of the United States. They supported the Constitution, and attempted to convince the States to ratify the document. Hamilton, along with John Jay and James Madison, anonymously published a series of essays known as the Federalist Papers under the pseudonym "Publius."
Both Hamilton and Madison argued that the Constitution didn't need a Bill of Rights, that it would create a "parchment barrier" that limited the rights of the people, as opposed to protecting them. However, they eventually made the concession and announced a willingness to take up the matter of the series of amendments which would become the Bill of Rights. Without this compromise, the Constitution may never have been ratified by the States.
Surprisingly enough, it was Federalist James Madison who eventually presented the Bill of Rights to Congress despite his former stance on the issue.
