Question

Why did president madison allow the term of the national bank to end? a. it refused to issue currency. b. he was concerned about the size of government. c. it failed to establish credit. d. he was focused on foreign affairs.

Answer 1

President Madison allowed the term of the national bank to end mainly because of concerns about the concentration of power and constitutional issues. Other reasons included limitations on paper currency circulation, distrust of paper currency, and economic concerns.

Step-by-step explanation:

President Madison allowed the term of the national bank to end primarily because of concerns about the concentration of power in the hands of the privileged and adherence to the principle of strict construction when interpreting the Constitution. Madison believed that the bank was unconstitutional and that it exceeded the necessary power of the government. Additionally, there were factions that disapproved of the bank due to limitations on paper currency circulation, distrust of paper currency, and economic concerns.

Answer 2

The correct option is b.

President Madison allowed the national bank's term to end due to concerns about its power concentration and its constitutionality, in line with strict construction principles.

President Madison allowed the term of the national bank to end because he and others like Thomas Jefferson believed in strict construction when interpreting the Constitution. Madison was concerned with the concentration of power in the hands of a few and was wary of any entity, such as the national bank, which could wield such influence. This view on the power and constitutionality of the national bank was consistent throughout his opposition to the bank's establishment and during the period leading to the end of its charter.