USA HISTORY

JACKSONIAN DEMOCRACY 1825 1850

AGE OF THE COMMON MAN

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Henry Clay’s proposal for the “American System” created a sound economic plan for the nation by providing specifically for which of the following?
A
A protective tariff, national bank and internal improvements
B
The implementation of a federal income tax
C
Free coinage of money and printing greenbacks
D
Manufacturing and trading plan
Explanation: 

Detailed explanation-1: -Clay’s idea was that the federal government should implement protective tariffs and internal improvements and a national bank should help develop the nation’s economy.

Detailed explanation-2: -Henry Clay’s “American System, ” devised in the burst of nationalism that followed the War of 1812, remains one of the most historically significant examples of a government-sponsored program to harmonize and balance the nation’s agriculture, commerce, and industry.

Detailed explanation-3: -This “System” consisted of three mutually reinforcing parts: a tariff to protect and promote American industry; a national bank to foster commerce; and federal subsidies for roads, canals, and other “internal improvements” to develop profitable markets for agriculture.

There is 1 question to complete.