Alexander Hamilton's proposed Bank of the United States was

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Alexander Hamilton's proposed Bank of the United States was based on the "necessary and proper," or "elastic," clause in the Constitution, which gave Congress the power to pass any laws necessary for carrying out its other powers and duties. Hamilton argued that the bank would be essential for managing the country's finances and promoting its economic growth. However, the proposal was controversial, with some arguing that it exceeded Congress's powers and favored the wealthy over ordinary citizens. Despite the opposition, the Bank of the United States was established in 1791.

Alexander Hamilton's Proposed Bank of the United States Was