Why was Secretary of State Thomas Jefferson opposed to the creation of a national bank?

Question

i need help on this question ive been stuck on

Answer 1

Hi Logan

Thomas Jefferson thought that the Constitution must be strictly construed--you can only do what is exactly written in the Constitution.  Nowhere in the Constitution is it written that the federal government can create a bank.

 

Compare this with Alexander Hamilton who favored a loose interpretation, and argued that the bank could be created by using the elastic, or necessary and proper clause.