Hamilton's next objective was to create a Bank of the United States, modeled after the Bank of England. A national bank would collect taxes, hold government funds, and make loans to the government and borrowers. One criticism directed against the bank was "unrepublican"--it would encourage speculation and corruption. The bank was also opposed on constitutional grounds. Adopting a position known as "strict constructionism," Thomas Jefferson and James Madison charged that a national bank was unconstitutional since the Constitution did not specifically give Congress the power to create a bank.
Hamilton responded to the charge that a bank was unconstitutional by formulating the doctrine of "implied powers." He argued that Congress had the power to create a bank because the Constitution granted the federal government authority to do anything "necessary and proper" to carry out its constitutional functions (in this case its fiscal duties).
In 1791, Congress passed a bill creating a national bank for a term of 20 years, leaving the question of the bank's constitutionality up to President Washington. The president reluctantly decided to sign the measure out of a conviction that a bank was necessary for the nation's financial well-being.
Answer:
Aging populations
Explanation:
The industrialized countries are facing a big demographic problem in the past few decades. The problem is the aging population. The living conditions in this countries are the best in the world, so they have high life expectancy, and while that is good, a problem occurs because the birthrates are very low. The birthrates are so low that they can not even simply sustain the same number of the population. This situation leads to fewer and fewer young people, and more and more elderly people, so the population pyramid is becoming wider at the top and narrower at the bottom.
Answer:
Presidential Inauguration is the event that takes place to swear in the president and his/her selected vice president. It is a day of celebration to welcome a new president after the term ends or the old president is voted out of office. It is important because it is a ceremony that has taken place the last 200+ years and should continue and it highlights our belief in democracy
Explanation:
Answer:
C.“Successful government would be founded on commerce and wealth.”
