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Article 1 Section 8 Of The Constitution Pros And Cons

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March 15th, 2023 Nicholas Sparacino 8A Social Studies Teacher of North Point Middle School 2275 W Meyer Rd, Wentzville, MO 63385 Dear Mr. Sparacino, Is our country's “most valuable” resource ever meant to exist? Are the banks and money we have now considered…..unconstitutional? After the USA became independent in 1776, we were put in serious national debt and our founding father Alexander Hamilton wanted to create a national bank to support our economy. Thomas Jefferson believed that creating a national bank gave too much power to the federal government and was extremely unconstitutional, while Alexander Hamilton stated the “Elastic Clause” and classifying the bank as necessary and proper for the people of our nation. In the Battle of the …show more content…

Therefore, making the bank unconstitutional for not following the elastic clause and making Jefferson’s argument about the national bank correct.Hamilton states that an issue that could happen without the bank would be the ability for the government to function and the authority of the government. He argues that all of the powers secured in a nation’s government are in the power of the nation’s authority. As well as applying all actions that are necessary and appropriate that are not specifically stated in the Constitution (Kapstein).Even though those are issues that could happen, that doesn't necessarily mean that those events would occur without a bank. Also, the Constitution states that powers not granted to the federal government are granted to the states and people. Meaning that if a national bank was decided by just the nation’s authority, it would be unconstitutional due to not leaving the non-constitutional actions up to the people.Using the implied powers (political powers that are given to a nation's government that aren't stated in the Constitution), Hamilton argued that the Constitution explicitly states that powers that aren't stated in Article 1, are granted to Congress and they can decide actions that are necessary and proper. Therefore, making the national banks absolutely imperative and growing the nation through taxes and loans (Kapstein). While the Constitution’s elastic clause does explicitly give those powers to congress specifically, this doesn't mean that creating loans and taxes are absolutely needed for our country, rather a convenience or quick fix for our nation’s issues. With the

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