USA HISTORY

Detailed explanation-1: -The American System, originally called “The American Way, ” was an economic plan that played a prominent role in American policy during the first half of the nineteenth century. Another key goal of the American System was the development of a strong central bank.

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: -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-4: -In the mid-1800s the industrial revolution shifted jobs from the farm to the factory. During the industrial revolution, entrepreneurs invented machines to make production faster and cheaper. Factories opened along rivers and in cities. Many people moved from farms to cities to get jobs.

Detailed explanation-5: -Which best describes Henry Clay’s American System? It placed tariffs on Southern goods to benefit people in the North.