The McCulloch v. Maryland case had significant effect and there were many of them. But the core effect was that it established a precedent that Congress had power to incorporate any bank.
Further Explanation:
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. Secretary of treasure of that time 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. 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 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.
Learn more:
1.The establishment clause would prevent?
2.Why did President Reagan call for soviet leader Gorbachev to “tear down” the berlin wall?
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.
