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AP Economics (St. Louis)
Economic Episodes in... http://t.co/2grocIaaGv
about 1 week ago
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about 2 weeks ago
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about 4 weeks ago
Constitutionality of a Central Bank
Students learn about McCulloch v. Maryland, a case decided in 1819 over (1) whether the state of Maryland had the right to tax the Second Bank of the United States and (2) whether Congress had violated the Constitution in establishing the Bank. Students also review the expressed powers of Congress identified in the Constitution and analyze how Congress implements the necessary and proper (elastic) clause to enact its expressed powers. Finally, students use their knowledge of McCulloch v. Maryland and the necessary and proper clause to consider the constitutionality of the Federal Reserve System.