History, 04.06.2021 21:10, nekathadon
Why were Madison and Jefferson opposed to the formation of a national bank? They thought the formation of a national bank would only compound the money problems. They were afraid it would cause a run on state banks. They were not in agreement as to the location of a national bank. They did not believe that would solve any of the problems. They did not believe that the Congress had the authority under the Constitution to create such a bank.
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Why were Madison and Jefferson opposed to the formation of a national bank? They thought the formati...
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