James McCulloch most likely supported the idea that Congress could create banks because he did not want to pay taxes on his bank. So, the good answer is option D.
James William McCulloch, born in 1789 and died in 1861. He was an employee of the William Counting House, branch of the Second Bank of the United States in Baltimore. He conflicted with the state of Maryland during the famous McCulloch v. Maryland case. The politicians of this state were against the creation of a national bank in the US because they thought it would give too much power to the congress.
In 1818, during the Maryland General Assembly, a law creating a special annual tax of $15,000 for banks that had been built outside of the state was passed. The only bank operating in Maryland that fit the description was the Second Bank of the United States. James McCulloch refused to pay this tax, which he found unfair. The Maryland Court forced him to pay by saying that the US Constitution did not talk about the creation of a national bank. But the Supreme Court of the United States against this decision. Because even if it was not written in the constitution, the congress was entitled to set up this bank and the state could not oppose anything to it.
Subject: History
Chapter: The Supreme Court
Keywords: McCulloch v. Maryland, US national bank, conflicts between states and congress of the United States, the famous Supreme Court decisions
The McCulloch supported the idea that Congress could create banks because he didn't wanted to pay state taxes on his bank.
Further Explanation:
Secretary of treasure of United States in 1797 came up with an idea to create Bank of United States which should be a national bank in order to absorb debts of the war and create a national currency because After the foundation of United States, One of the first few things that government of United States had address was the debt of the nation that country incurred fighting World-War: 1. But not everyone agreed to it as Federal government didn’t had authority to create a federal bank according to the constitution. Despite its opposition from many departments, Congress created this bank and granted them power to operate for 20 years. The Government of Maryland always opposed a national bank still the Branch was opened in 1817 and government of Maryland decided to Tax Baltimore branch because they wanted it to run out of business. James W. McCulloch, who was cashier of that bank refused to pay the tax because he didn't wanted to pay state taxes on his bank and state of Maryland Sued him. The McCulloch v. Maryland case had significant effect on what federalism means for United States. This case enhanced federal power and gave federal powers ways to achieve the responsibilities which were given in the constitution. This case also established a precedent among people that Congress had power to incorporate any bank.
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Answer Details:
Grade: High School
Subject: History
Chapter: McCulloch v. Maryland case
Keywords:
McCulloch v. Maryland case, McCulloch, Maryland, World War-1, United States, Constitution, Bank, Nationalized bank, Congress, Secretary, Treasury.
