1. Presidents Jefferson and Madison
... A). Under the leadership of Thomas Jefferson and James Madison, they opposed the views of the Federalists. They were against the creation of a national bank. Although Hamilton of the Federalist Party argued that the power to create the national bank was implied in the Constitution, the Republicans argued that the power was not explicitly written in the Constitution and therefore had no right to create the bank. Unfortunately for the Republicans, the charter to create the bank was passed by Congress and ... didn't want the Judiciary Act of 1801 repealed, which is a broad constructionist ...
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