Question

Which statement best summarizes the U.S. Supreme Court's decision in McCulloch v Maryland?

Answer 1

Answer:

The response is Option B: Establishing a national bank is an implied power of the federal government .

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.