what would states feel theatened by a national bank?

0 ⤊

what would states feel theatened by a national bank?

2007-12-04 09:39:50 · 2 answers · asked by determined000 1 in Politics & Government ➔ International Organizations

2 answers

If you are talking about the US, that issue was settled a long time ago in McCulloch v. Maryland. http://en.wikipedia.org/wiki/McCulloch_v._Maryland
Realize that the Federal Reserve is the central bank of the US and has tremendous control over the monetary supply in this country. http://en.wikipedia.org/wiki/Federal_reserve#Control_of_the_money_supply
The states long ago ceded control over monetary issues to the federal government.

2007-12-04 09:51:45 · answer #1 · answered by carlos705 3 · 0⤊ 0⤋

National bank will be intruding into the functions of state banks to ensure the stability of the currency and flow of money.

2007-12-06 20:47:49 · answer #2 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋