Homework
Length: 4 pages.
Much of the basis of the bank regulatory system in the United States, including its federal-state dual commercial banking system, stems from constitutional arguments laid out by Chief Justice Marshall in McCulloch v. Maryland. The principles of the system have existed throughout most of the U.S.'s history, elements of which even survive all of the regulatory changes of the last few years.
a. Explain and detail the main points of Chief Justice Marshall's two-pronged approach to his opinion in McCulloch.
b. Upon whom did Chief Justice Marshall base much of his argument, and what were the circumstances under which that individual had set forth his opinions on the matter?
c. What were the direct outcomes of McCulloch and how did cases like Osborn and Veazie either affirm or conflict with the Court's opinion in McCulloch, and ultimately affect U.S. bank regulation?
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.