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How Did Thomas Jefferson Regulate Commerce

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Thomas Jefferson believed the Bank of the United States was unconstitutional and opposed its implementation. He believed that there was a difference between creating a bank and regulating commerce. Jefferson made note that creating a product that may be bought and sold in commerce, and proposing regulation for buying and selling were not the same. Jefferson stated that even if someone were to create a bank and create monetary bills that become a “subject of commerce”, that did not lend them the power to regulate commerce Additionally, he did not believe this bill had the purpose to regulate trade but rather it was a bill for “considerable advantages to trade.” Jefferson also argued that evidence of the allowance for creating a national bank

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