During the Constitutional Convention, and the years to follow, the Anit-federalists heavily disputed with Federalist Party. One of the longest and most important arguments throughout this time period were the debates between Alexander Hamilton of the Federalists and Thomas Jefferson of the Anti-Federalists. The controversial issue discussed was over the establishment of a national bank.
Alexander Hamilton, at the time George Washington's Secretary of Treasury, explained before the Congress that the U.S. Government's need for a national bank was imperative for the survival of the nation. Hamilton stated that besides having "expressed" powers, it possesses "implied" powers designated into Constitution. Hamilton states in letter to Washington that "implied powers are to be equally delegated with expressed ones. Then it followsÂ….that the erection of a corporation[such as a bank] may well be impliedÂ….it may as well be employed as an instrumentÂ….of carrying into action any specific......
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Approximate Word Count: 395
Approximate Pages: 2 (260 words per double-spaced page) |