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Hamilton Pros And Cons

856 Words4 Pages

Asia Pratka
The first President of the United States, George Washington, and the first Congress set out to create a new banking system for the United States to help its taxing and spending powers become more fluid. Could the federal government create a National Banking system? Twenty-eight years later, McCulloch v. Maryland established the constitutionality of the necessary and proper clause through the Supreme Court. However, was the Supreme Court the right venue to decide if the necessary and proper clause instituted by Congress is constitutionally liberal or expressed, or should "We the People" have the decision? Yes, the Supreme Court was the correct venue to answer this question because of the founding documents, arguments between the …show more content…

Alexander Hamilton was present at the Constitutional Convention, where he had made claims, that ultimately failed, for a National Bank to be included in the Constitution. After the United States was born, Hamilton believed that the U.S. was headed towards an industrial and commercial society. Where the housing of its money should be by the federal government. Thus, the creation of a bank would be necessary to allow for Congress to borrow and lend money with other countries. An industrial nation would need outside funds to be successful. He believed that the Congress should understand the necessary and proper clause as a tool to execute its enumerated power, such as taxing and spending. He believed this to be true because it was listed in Article One, Section Eight, where Congress' expressed powers lie. Jefferson on the other hand, believed that the U.S. was headed to an agrarian society, where a National Bank would be unnecessary for Congress to create. He interpreted the Necessary and Proper clause to allow Congress to do only what was necessary and nothing more. He believed that the Necessary and Proper clause does not give Congress the power to assume any powers that are not enumerated by the Constitution. After the deliberations over the National Bank ended, Washington agreed with Hamilton and the creation of a National Bank. The bill was signed by the President and became

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