What was the legal argument in McCulloch v. Maryland (1819) against the federal government establishing a national bank O The national government was regulating interstate commerce, which falls under state powers. O The central government cannot tax Maryland citizens to help pay for a national bank. O The national bank can operate in the District of Columbia but not within the boundaries of a state. ◇ The Constitution did not expressly authorize the establishment of a national bank. Need help? Review these concept resources. Read About the Concept

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter13: Money And The Financial System
Section: Chapter Questions
Problem 4.11P
Question
What was the legal argument in McCulloch v. Maryland (1819) against the federal government establishing a national bank
O The national government was regulating interstate commerce, which falls under state powers.
O The central government cannot tax Maryland citizens to help pay for a national bank.
O The national bank can operate in the District of Columbia but not within the boundaries of a state.
◇ The Constitution did not expressly authorize the establishment of a national bank.
Need help? Review these concept resources.
Read About the Concept
Transcribed Image Text:What was the legal argument in McCulloch v. Maryland (1819) against the federal government establishing a national bank O The national government was regulating interstate commerce, which falls under state powers. O The central government cannot tax Maryland citizens to help pay for a national bank. O The national bank can operate in the District of Columbia but not within the boundaries of a state. ◇ The Constitution did not expressly authorize the establishment of a national bank. Need help? Review these concept resources. Read About the Concept
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