2. [Congress has the power] To make all Laws which shall be necessary and proper for carrying into Execution the Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof. Turn & Talk

3. A statement in the U.S. Constitution (Article I, Section 8) granting Congress the power to pass all laws necessary.

4. What are the pros and cons about the Elastic Clause? Turn & Talk

5. If it doesn’t say not to do it, then is OK!

6. We must only do what the constitution says we could do

7. When has the Elastic Clause been used? Creation of a National Bank Purchase of Louisiana Territory

8. Nation’s finances a disaster War Debts Citizens loaned money to the government State governments had their own wartime debts

10. Involved 3 steps: 1.Paying the debt 2.Creating a national bank 3.Raising revenue ($$$) Whiskey tax Protective tariff

11. 1.Why was it important for the United States to pay off its war debt? 2.What benefit did the protective tariff give the American economy? 3.Why did Hamilton think it was important to have a national bank? 4.Who did Hamilton’s Plan benefit the most?