Jefferson did not support the bank because it was an unauthorized extension of federal power.
Thomas Jefferson, the secretary of state, thought the Bank was unconstitutional as it constituted an unapproved expansion of federal authority. The Necessary and Proper Clause was read strictly by Secretary of State Thomas Jefferson, who determined that bank was unconstitutional since it was not expressly mentioned in the list of congressional powers.
Jefferson, in contrast to Hamilton, thought that states should be able to establish their respective banks and that an national bank unfairly rewarded wealthy urban businesspeople over rural farmers. Jefferson opposed the idea, but a national bank was finally created.
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