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why was thomas jefferson against alexander hamiltons plan to create a central (national) bank? jefferson was afraid that it would give too much centralized power over the states and the people. jefferson was afraid that if all of the tax money was in one place, it would be an easy target for a bank robbery. jefferson did not have enough money to open up an account at the bank, so he was against it. jefferson was not good at dueling and did not want to have to challenge alexander hamilton to a duel. rewatch submit
Thomas Jefferson advocated for states' rights and limited federal power. He argued a national bank would concentrate too much authority in the federal government, overriding state and individual autonomy, which aligned with his agrarian, decentralized vision of the U.S. The other options are historically inaccurate.
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Jefferson was afraid that it would give too much centralized power over the states and the people.