71.2k views
1 vote
Why did the court decide that the second bank of the United States was immune from taxation

1 Answer

3 votes
The answer is because of the conflict between federal power to create and preserve a corporation and a state's power to levy a tax.
The creation of the second bank of the united states is to make a federal owned bank that could help the government control the economy by levying taxes, adjusting the interest rates, and control the movement of currencies through monetary policies.
User Estefania
by
8.3k points