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serious [3.7K]
3 years ago
10

Question 30 (2 points)

History
1 answer:
lana [24]3 years ago
4 0

Answer:

programs aimed at reducing poverty leves in the city

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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.  

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