Second renegotiation of Germany's World War I reparation payments.
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.
The answer is option 4: <u>He believed in the absolute power of kings.</u>
The England King James I (who ruled from 1603 to1625) clashed with the Parliament's ideas several times for his persistent belief in the absolute power of kings, justified for their divine right, which enabled him to rule over all their subjects without interference from anyone. Instead, the Parliament believed that the King must not rule alone, doing all that he pleased.
They both had very different views on how royal finances had to be handled as well as foreign affairs, for example, the Parliament members held that tax collection was an issue that had to be approved by them in order to improve the crown's finances, which had been seriously weakened by the long war with Spain (1585-1604), as for James I, he wanted to collect the taxes on his own, whose purpose wasn't only to improve the government but also to over-spend on his luxury way of living.
Answer:
Some navigation innovations included the astrolabe to determine latitude and the use of the compass to determine directions. A major development in the ships used was the triangular sail
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