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One of Jefferson's strongest beliefs was that a republic could only survive if the people owned what?
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- An immediate response to the document from which the excerpt was taken was
- A national bank overseen by the federal government. Congress had established the bank in 1816, giving it a 20 year charter. The purpose of the bank was to regulate state banks, which had grown rapidly since the First Bank of the US went out of existence in 1811. Went out of existence during Jackson's presidency.
- He owned Saint-Domingue ( Haiti), but the Haitians rebelled for 10 years and won independence. He had to sell the Territory to pay for the war with Great Britain.