The Effort to Establish the First United States National Bank

The effort to establish the first United States national bank in 1781 failed because

A) states did not see the importance of a national bank.
B) Congress did not know how to raise the capital for the bank.
C) Massachusetts farmers rose in rebellion against the bank and stormed its first branch in Boston.
D) the state of New York objected the power such a national financial institution would exercise on state banks.
E) Rhode Island used its unilateral power under the Articles of Confederation to block it because it disliked the imposition of a 5 percent import tax with which the bank was to be funded.