Question

Why did Jefferson oppose the establishment of a National bank

Answer 1

Jefferson was a real by the book guy. He thought states should charter banks that could issue money. Jefferson also believed that the Constitution did not give the national government the power to establish a bank

Answer 2

Answer:

Thomas Jefferson was afraid that a national bank would create a financial monopoly that might undermine state banks and adopt policies that favored financiers and merchants, who tended to be creditors, over plantation owners and family farmers, who tended to be debtors.

Explanation: