Pros: Paper currency was urgently needed during the time that the National Bank was proposed by Hamilton, and the National bank was able to provide a standard paper currency. The states currently had no standard and a great conflict erupted when the states had to conduct business with one another such as taxing goods between states.
The National Bank could also be a place where the Treasury could deposit money.
Cons: Thomas Jefferson argued that the National Bank might be an unconstitutional establishment since the strict construction of constitution ( Jefferson's Method of Interpretation ) indicated that the central government did not have the specific powers of a bank granted to them. Jefferson believed it was the states' right to start a bank. The North being a Center of Manufacturing and commerce supported the bank naturally since it would be in their favor, but the south opposed it thinking it would benefit the North only.
Pros and Cons are what you want them to be. Really sit and think about if your wanna join or not. Trust me, it works!
"Yes, the pros are that if you are having a hard time paying you can talk to the bank and get a lower rate for a few months. The cons are that the bank can raise the interest as well."
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pros: goodness cons: badness
PROS CONS ----------------------------------------------------- Pros: Entertaining Cons: Mental conditions can be caused, Adicition, Expensive.
Cons? What Cons?
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pros= nothing cons=everything