Opposition to the First Bank of the United States

Hard Period 3: 1754–1800 Early National Period

During the Early National Period of the United States (1754–1800), significant debates arose regarding the interpretation of the powers enumerated in the Constitution. In 1791, the First Bank of the United States was established, leading to conflicting opinions about whether the federal government had the authority to create a national bank. This debate highlighted differing views on federalism and the nature of governmental power.

Which of the following best describes the primary argument made by those who opposed the establishment of the First Bank of the United States?

It exceeded the government's enumerated powers as outlined in the Constitution.

It would lead to excessive government involvement in business affairs.

It would disproportionately benefit northern states over southern states.

It threatened the financial independence of state banks.

Hint

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