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Hamilton and Congress set up the National Bank to help build a strong economy and try to get out of national debt. Some people objected to it because they believed in a stricter interpretation of the constitution and said that it was unconstitutional. They thought it would benefit the wealthy. Hamilton defended the National Bank by saying it would pay off the debts and Hamilton argued that although the Constitution did not specifically say that Congress could create a bank, Congress still had the power to do so.

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