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27 October, 18:11

What constitutional amendment did Jefferson rely on to support his argument against the formation of a national bank and what does that amendment say?

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  1. 27 October, 21:14
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    Jefferson and Madison opposed the national bank because they felt it was unconstitutional and because they felt that the centralization of financial power would weaken the monetary system of the United States. They argued that a national bank would aid Northern businesses but hinder agrarian interests in the South.
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