Both Alexander Hamilton and Thomas Jefferson argued the validity of creating a bank in the United States after George Washington’s election to the first presidency under the newly established Constitution. How did Jefferson and Hamilton interpret the term “necessary and proper” in the Elastic Clause of the Constitution in stating their arguments?

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Both Alexander Hamilton and Thomas Jefferson argued the validity of creating a bank in the United States after George Washington’s election to the first presidency under the newly established Constitution. How did Jefferson and Hamilton interpret the term “necessary and proper” in the Elastic Clause of the Constitution in stating their arguments?

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