The Battle Over a Bank
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Questions and Answers

What was the purpose of Hamilton's report delivered to President Washington?

  • To seek approval for his recent proposal
  • To defend his proposal for a national bank (correct)
  • To challenge the authority of the federal government
  • To request more time for his proposal
  • What did some of President Washington's advisers warn about the federal government's authority?

  • It lacked the authority to establish a bank (correct)
  • It could establish corporations without limitations
  • It had the authority to manage state finances
  • It had unlimited authority to establish corporations
  • What did Hamilton argue about Congress's powers in his rebuttal?

  • Congress had 'implied powers' not specifically listed in the Constitution (correct)
  • Congress had no authority to make financial decisions
  • Congress had unlimited powers under the Constitution
  • Congress had authority only over foreign policies
  • What did Hamilton maintain about the federal government as a sovereign entity?

    <p>It inherently possessed certain fundamental capabilities</p> Signup and view all the answers

    What was the outcome of Congress's approval of Hamilton's plan for a national bank?

    <p>It was approved, despite some constitutional concerns</p> Signup and view all the answers

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