jan 4, 1819 - McCulloch v. Maryland
Description:
causes: After the founding of the United States, one of the first things the new government had to address was the debt the nation had incurred fighting the Revolutionary War. Secretary of the Treasury Alexander Hamilton came up with a plan to create the Bank of the United States, a national bank, in order to absorb state debts from the war and to create a national currency. But not everyone agreed that the federal government had the power to create a bank.
effects: the Supreme Court decided that Congress did have the power to establish a national bank, not as an enumerated, or explicit, power, but as an implied power granted by the Constitution. The Supreme Court found that the Constitution grants Congress the explicit power to levy (or collect) taxes and regulate currency.
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