Answer:
The establishment of a national bank was necessary to ensure the stability of the new nation's economy.
Explanation:
The establishment of a national bank was one of Alexander Hamilton's many contributions to the emerging American economy. This bank would protect American manufacturers through direct government subsidies and taxes on imported goods. This bank was referred to as the First Bank of the United States. It was opened for business purposes in Philadelphia on December 12, 1791.
John Adams was the one who passed the Alien and Sedition Acts which punishes those who opposed the federal policies. However, Thomas Jefferson felt that these acts defy both the Constitution and the Bill of Rights. So he proposed the Nullification doctrine which states that if the federal government passed an unconstitutional law, the states are not required to follow it.
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The democrats and republicans have influenced our current political system by sharing most of the same values and views with the American people. As their party members and those who associate themselves tend to lead more toward what the party wants.
