What were the reasons for the controversy over the Bank of the United States? Explain both the pro-bank and anti-bank positions.

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The original controversy over the Bank of the United States had its origins in part of a larger conflict between Alexander Hamilton and the Federalists and Thomas Jefferson and the Democratic-Republicans. Ultimately, we are looking at two very different visions of where the country should be moving. Hamilton believed in a more centralized government which could more effectively foster economic growth and investment, whereas Jefferson favored states' rights and small government. Jefferson also championed strict constitutionalism and tended to be nervous about the prospects of a federal government seizing additional powers to itself that went beyond its original purview, and what that could mean for the future of the United States. This fundamental difference in ideology was at the center of the Bank dispute.

The defenders of the...

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