Question

In the 1790s, despite a lack of specific constitutional authority to do so, Congress chartered a national bank, arguing that the institution was necessary to regulate the value of currency. The chartering of a national bank was therefore an example of a(n) _____ power.

Answer 1

Answer:

In the 1790s, despite a lack of specific constitutional authority to do so, Congress chartered a national bank, arguing that the institution was necessary to regulate the value of currency. The chartering of a national bank was therefore an example of an implied power.

Explanation:

Implied powers are political powers that are not explicitly explained in the United States Constitution but are granted to the government. The term was widely used in Ireland around the mid 1780s, meaning it is highly possible that the United States was not the first nation making use of such power. It came into play in America in the creation of the First Bank of the United States. This bank would be in charge of the war debt of the American Revolution and would standardize the currency of the recently independent nation.

Answer 2

Answer:

implied

Explanation:

Based on the information provided within the question the chartering of a national bank was therefore an example of an implied power. This term refers to certain power/authority that the U.S. government holds even though it is not explicitly stated or granted by the Constitution, it is still implied according to the Necessary and Proper Clause. This clause basically allows Congress to pass laws that they require in order to enforce or empower the laws set forth by the Constitution. Since the Charter was necessary for regulating the value of the U.S currency then it is considered an implied power.

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