who opposed the bank of the united states
First Bank of the United States Hamilton's bank proposal faced widespread resistance from opponents of increased federal power. Secretary of State Thomas Jefferson and James Madison led the opposition, which claimed that the bank was unconstitutional, and that it benefited merchants and investors at the expense of the majority of the population.
McCulloch v. Maryland The Court determined that Congress had the power to create the Bank. Chief Justice Marshall supported his conclusion with four main arguments:[2]
Second Bank of the United States The essential function of the bank was to regulate the public credit issued by private banking institutions through the fiscal duties it performed for the U.S. Treasury, and to establish a sound and stable national currency.[11][12] The federal deposits endowed the BUS with its regulatory capacity.[5][13]
Alonso Álvarez de Pineda