Question

Why did Thomas Jefferson oppose re-chartering the Bank of the United States in 1811?
A) Jefferson felt that the central bank favored commercial and industrial interests over agricultural interests.
B) Jefferson believed that the central bank favored agricultural interests over commercial and industrial interests.
C) Jefferson believed that the central bank was necessary to establish financial order in the newly formed United States.
D) Jefferson believed that the central bank gave the agricultural states of the South an unfair economic advantage over the industrial north

(USA Test Prep)

Answer 1

Thomas Jefferson opposed re-chartering the Bank of the United States in 1811 due to A )Jefferson felt that the central bank favored commercial and industrial interests over agricultural interests. In addition, he claimed that the Central bank had violated the Constitution.

Answer 2

Thomson Jefferson opposed re-chartering the Bank of the United States in 1811 because he felt that the central bank helps the industrial and commercial interests more than the agricultural interests (option A). He felt that the central bank is violating the constitution.

Explanation:

• The proposal of Hamilton’s bank faced major oppositions from the State Secretary Thomas Jefferson. He claimed that the bank is unconstitutional.  
• He believed that it benefited only the investors and merchants more than rest of the population.
• He argued that the traditional property rights are violated by the bank. And their relevance to the authorized powers that are constitutional are weak.

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