asked 117k views
5 votes
Why did some Americans oppose the idea of having a central bank?

asked
User Mzzl
by
8.1k points

1 Answer

6 votes

"Thomas Jefferson opposed the creation of a First Bank of the United States because he believed that such a centralized institution was not beneficial to his ideal of an agrarian lifestyle. He also believed that the United States Congress did not have the constitutional authority to establish such an institution."

answered
User Kamal Bhardwaj
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.