In the 1790s, despite a lack of specific constitutional authority to do so, Congress chartered a national bank, arguing that the institution was necessary to regulate the value of currency-a power that the Constitution did grant to Congress. The chartering of a national bank was therefore an example of

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The chartering of a national bank was an example of an implied power, as it was not explicitly granted in the Constitution but was considered necessary and proper to carry out a specifically granted power (in this case, the power to regulate currency).

In the 1790s, Despite a Lack of Specific Constitutional Authority