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Question
why did alexander hamilton argue for the national government to issue a charter for a national bank?
○ the national government, by definition, has all powers of all lower levels of government.
○ the constitution clearly enumerates the power to charter banks and other corporations.
○ any sovereign government, by definition, has the right to apply its power by all appropriate means.
○ hamilton was at the constitutional convention and clearly remembered the delegates discussing whether the federal government should be able to create a chartered corporation.
To determine the correct answer, we analyze each option:
- The first option is incorrect. The national government's powers are not simply all lower - level government powers; it has enumerated and implied powers.
- The second option is wrong. The Constitution does not clearly enumerate the power to charter banks. Hamilton relied on the implied powers and the "necessary and proper" clause.
- The third option is correct. Hamilton argued for the national bank using the idea of implied powers. A sovereign government, by its nature, has the right to use appropriate means to exercise its powers (like the power to tax, borrow, etc., which the national bank would support), and the "necessary and proper" clause in the Constitution supported this view.
- The fourth option is incorrect. The Constitutional Convention did not have a clear - cut discussion about the federal government creating a chartered corporation for a bank in the way this option suggests, and Hamilton's argument was based on implied powers, not his memory of the convention's discussions.
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C. Any sovereign government, by definition, has the right to apply its power by all appropriate means.