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Why did Congress approve the charter for Bank of the United States?

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Congress approved a charter for the bank despite the argument that the Constitution did not give Congress power to establish a central bank and the charge that the bank was designed to favor mercantile over agrarian interests.

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Get more facts and information about Bank of the United States . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: How did Congress respond to the charge that the Bank of the United States was designed to favor mercantile over agrarian interests? How did Congress respond to the criticism that the Constitution did not give Congress the power to establish a central bank? [ Hide these questions ]

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