CHAPTER SECTION QUIZ States Rights and the National Bank 2025

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In his view, which a majority of members of both houses of Congress shared, the critical text of the Constitution was the necessary and proper clause in Article I, Section 8, which stated Congress could make laws related to the other enumerated powers even if not listed.
The elastic clause allows Congress to make any necessary laws, such as the establishment of a bank. Jefferson: No. The Constitution says nothing about a national bank and therefore Congress cannot create one.
Jackson thought the Bank put too much power in the hands of too few wealthy American private citizens, and the majority of stockholders were foreign investors with allegiances to other governments.
Andrew Jacksons Opinion on the National Bank He believed that the BUS should be dissolved because it favored the wealthy elite and was not accountable to the general population. Jackson argued that the bank concentrated too much power in the hands of a few, which went against the democratic principles he championed.
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