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Questions and Answers
What was the purpose of Hamilton's report delivered to President Washington?
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?
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?
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?
What did Hamilton maintain about the federal government as a sovereign entity?
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What was the outcome of Congress's approval of Hamilton's plan for a national bank?
What was the outcome of Congress's approval of Hamilton's plan for a national bank?
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