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Thomas Jefferson's Arguments Against The Idea Of A National Bank

269 Words2 Pages
Jefferson strongly opposed the idea of a National Bank. His first argument against the idea of a National Bank was it give too much power for a centralized government. Jefferson felt a decentralized government would allow decisions to the states to take care of their own local business. Second, Jefferson believed the principles set forth by the Constitution was to create a a decentralized government in which the states would carry out the laws which were created by the government. Jefferson believed the Constitution did not give the national government the power to establish a National Bank. Another argument for Jefferson was if the national government did establish a National Bank it would leave the power in the hands of a few people
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