MAKING OF A NEW NATION 1776 1800
THOMAS JEFFERSON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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proposed that roads, canals, and bridges be built with tariff income
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proposed high tariffs and state programs of public works
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proposed lowering tariffs to encourage foreign trade
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won the success of the President and became official government policy
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Detailed explanation-1: -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-2: -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-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: -How would Clay’s American System with high tariffs on imported goods have benefited the West and South? He expected that money from tariffs would be used to help farmers ship their goods to the North. He expected that northerners would use their profits to buy farm goods from the West and South.