What were the major problems of the
economy when Ronald Reagan was
elected in 1980?

at the time of his election, Ronald Reagan felt that the problems the United States was experiencing were the result of excessive government spending.The economic situation at the beginning of Ronald Reagan's first term in which unemployment and inflation were both high was referred to as

stagflation

Explanation:

both are true, the congress does have the power to create banks, even if this power is not specifically described in the constitution, since there is nothing restricting it and there is power given to the congress to make "all laws which shall be necessary and proper". maryland was not allowed to tax a branch of the national bank operating there, and the supreme court decided that no state could. both of these topics were discussed in a decision of the mcculloch v. maryland case in 1819.