Question

Alexander Hamilton's plan for a “national bank” was politically significant because A) it helped provide the country's first balanced budget. B) it created the first income tax within the ruling class. C) it triggered the duel with Aaron Burr that eventually killed Hamilton. D) it caused the first direct conflict between supporters of strict interpretation versus loose interpretation of the Constitution.

Answer 1

Answer:  D) it caused the first direct conflict between supporters of strict interpretation versus loose interpretation of the Constitution.

Explanation: Alexander Hamilton's plan for a "national bank" caused the first direct conflict between supporters of strict interpretation versus loose interpretation of the Constitution. His desire to win the support of the upper classes for the government set in motion a political rivalry based on wealth and class

Answer 2

Based on historical perspective, Alexander Hamilton's plan for a “national bank” was politically significant because "it caused the first direct conflict between supporters of strict interpretation versus loose interpretation of the Constitution."

This is based on the fact that during the plan to establish a national bank in 1790, many politicians like Thomas Jefferson opposed the idea, citing that the Constitution does not allow it and the Congress does not have the express power to establish one.

However, eventually, establishing a national bank was passed, and it started operation in Philadelphia on December 12, 1791.

Hence, in this case, it is concluded that the correct answer is option D.

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