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murzikaleks [220]
3 years ago
15

What the basic structure of Hamilton’s Bank of the United States and why was Jefferson fiercely opposed to it?

History
1 answer:
Ksju [112]3 years ago
7 0

hey buddy here is your answer!

Jefferson opposed Hamilton's plan for the federal government to pay the domestic and state debts. ... Most importantly, he opposed Hamilton's proposal for a national bank because he believed that the national government was allowed to do only those things that were explicitly stated in the Constitution.

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This idea is an enormous piece of Ronald Reagan's financial arrangements during his administration. This turns into a focal point of "Reaganomics." He utilizes this strategy to drive the American economy during his 8 years of presidency.

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