SAT Subject US History Practice Question 1031: Answer and Explanation
2. All of the following were part of Hamilton's financial program EXCEPT
A. the establishment of the capital of the United States in Washington, D.C.
B. the funding of the domestic and foreign debt of the United States.
C. the assumption of state debt.
D. the levying of excise taxes and tariffs.
E. the establishment of the Bank of the United States.
Correct Answer: A
The placement of the U.S. capital on the Potomac was part of an agreement made between Hamilton and Jefferson to convince Jefferson to accept the assumption portion of Hamilton's financial plan. Choices (B), (C), (D), and (E) were all parts of Hamilton's financial program.