USA HISTORY

Detailed explanation-1: -The establishment of a protective tariff, a 20%–25% tax on imported goods, would protect a nation’s business from foreign competition. Congress passed a tariff in 1816 which made European goods more expensive and encouraged consumers to buy relatively cheap American-made goods.

Detailed explanation-2: -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.

Detailed explanation-3: -Over the course of two legislative days, Speaker Henry Clay of Kentucky addressed the House from the well to support targeted protective tariffs and to proclaim his ideal of an “American system” of national development that would benefit all sections of the United States.

Detailed explanation-4: -The American System included financial support for roads, canals, bridges. These improvements to the nation’s infrastructure would facilitate trade and increase accessibility to markets. Revenue – Money would be raised by selling public land and imposing tariffs.

Detailed explanation-5: -Built between 1817 and 1825, the original Erie Canal traversed 363 miles from Albany to Buffalo. It was the longest artificial waterway and the greatest public works project in North America. The canal put New York on the map as the Empire State-the leader in population, industry, and economic strength.