Why where some people opposed to the National Bank?

A) The National Bank only issued in paper money with no gold reserve.

B) The Constitution did not give the government the power to establish a bank.

C) It was very expensive to operate the National Bank.

D) The Constitution specifically regulates the power to establish banks to the states.

Question

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Social Studies

11 February, 15:48

Why where some people opposed to the National Bank?

A) The National Bank only issued in paper money with no gold reserve.

B) The Constitution did not give the government the power to establish a bank.

C) It was very expensive to operate the National Bank.

D) The Constitution specifically regulates the power to establish banks to the states.

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Answers (1)

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Francis Nelson · Answer 1

The correct answers is option B.

B. The Constitution did not gave the government the power to establish a bank.

- One of the people that was opposed to the National Bank was the famous politician Thomas Jefferson he was the one who estate that the Constitution did not gave the government the power to establish a bank.