The argument over the creation of the Bank of the United States focused on which of the following questions?
A) Does the nation need a central banking institution?
B) Should the bank be allowed to issue the nation's currency?
C) Does the Constitution grant Congress the authority to create the bank?
D) Should the bank be privately owned, publicly owned, or privately and publicly owned?

Question

Quizplus · Accepted Answer

The argument over the creation of the Bank of the United States focused primarily on whether or not Congress had the authority to create a national bank, as the Constitution did not explicitly grant this power. The debate ultimately ended with the Supreme Court ruling in McCulloch v. Maryland that Congress did indeed have the constitutional authority to establish a national bank.

The Argument Over the Creation of the Bank of the United