The correct answer is D) it caused the first direct conflict between supporters of strict interpretation versus loose interpretation of the Constitution.
Alexander Hamilton’s plan for a “national bank” was politically significant because it caused the first direct conflict between supporters of strict interpretation versus loose interpretation of the Constitution.
Alexander Hamilton wanted to resolve the problem of the huge debt the government had. The American Revolution had generated many economic problems for the new nation. In the 1780s, many areas of the economy were suffering and the states had generation war debts. George Washington asked Alexander Hamilton to fix the economic problems and named him Secretary of the Treasury. He tried to direct the Federal Economic Policy with some measures, including a national bank. Alexander Hamilton’s plan for a “national bank” was politically significant because it caused the first direct conflict between supporters of strict interpretation versus loose interpretation of the Constitution.
