Thomas Jefferson: “Opinion on the Constitutionality of a National Bank”

(1791)

The Bank of the United States, commented on by Thomas Jefferson in his “Opinion on the Constitutionality of a National Bank” in 1791, was one of the keystones of Treasury Secretary Alexander Hamilton’s plan for refinancing the Revolutionary War debt of the United States of America. After weeks of heated congressional debate that included questions about the proposed bank’s constitutionality, President George Washington requested statements from Hamilton and from the secretary of state, Thomas Jefferson, who opposed the bank. Hamilton justified the bank by broadly construing the...

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Jefferson's ”Opinion on the Constitutionality of a National Bank“ (National Archives and Records Administration)

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