A pre-civil war set of measures designed to unify the nation and strengthen its economy by means of protective tariff's, a national bank, and such internal improvements as the development of a transportation system
There were two main goals of the American System, to unify the nation, and to create a strong, stable economy. To achieve these goals, the American System proposed the creation of a Tariff, the resurrection of the second National Bank, and construction of Internal Improvements ( Transportation). Tariff - A tax on goods, in this case, a tax on imported British goods.
no
high tariffs
It is referred to as "the American System" (compare to the Continental System).
The American System included protective tariffs, internal improvements, the buildings of roads and canals, and a national bank.
construction of a reliable transportation system for the United States.
There were two main goals of the American System, to unify the nation, and to create a strong, stable economy. To achieve these goals, the American System proposed the creation of a Tariff, the resurrection of the second National Bank, and construction of Internal Improvements ( Transportation). Tariff - A tax on goods, in this case, a tax on imported British goods.
The parts of the American system were tariffs to protect and promote American industry; a national bank to foster commerce; and federal subsidies for roads, canals, and other "internal improvements"
Some members of Congress were opposed to the American System because they felt that federal funds should not be used to pay for internal improvements in states.
Coined by Henry Clay, it is a program for economic development in the 19th century. It was basically a plan to improve the United States as a whole that included internal improvements (this meant states' improvements), protective tariffs and a national bank. Many Americans were not an advocate of this since the protective tariffs restricted our trade, internal improvements only improves states and not the US as a whole, and the national bank would lead to a central authority. However, the Americans needed this system, as during the presidency of Andrew Jackson, a non-supporter for the American System that refused to have anything to do with it, refused to do internal affairs, lowered tariffs, and dissolved the National Bank, sending the US economy into a tailspin.
Coined by Henry Clay, it is a program for economic development in the 19th century. It was basically a plan to improve the United States as a whole that included internal improvements (this meant states' improvements), protective tariffs and a national bank. Many Americans were not an advocate of this since the protective tariffs restricted our trade, internal improvements only improves states and not the US as a whole, and the national bank would lead to a central authority. However, the Americans needed this system, as during the presidency of Andrew Jackson, a non-supporter for the American System that refused to have anything to do with it, refused to do internal affairs, lowered tariffs, and dissolved the National Bank, sending the US economy into a tailspin.