1. Hamilton's National Bank
... of the Federalists and Thomas Jefferson of the Anti-Federalists. The controversial issue discussed was over the establishment of a national bank. Alexander Hamilton, at the time George Washington's Secretary of Treasury, explained before the Congress that the U.S. Government's need for a national bank was imperative for the survival of the nation. Hamilton stated that besides having "expressed" powers, it possesses "implied ... well be employed as an instrument .of carrying into action any specific powers .because the corporation has a natural relation to the government." With saying th...
- Word Count: 395
- Approx Pages: 2