THE VIRGINIA DYNASTY 1801 1825
JAMES MADISON AFTER THE WAR OF 1812 THE ERA OF GOOD FEELINGS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Three key parts of Henry Clay’s “American System":
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Stronger state and local governments
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taxes on imported goods to protect industry
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Federal spending on transportation projects like roads and canals.
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A new national bank to standardize currency and provide credit
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Explanation:
Detailed explanation-1: -Our federal government has three parts. They are the Executive, (President and about 5, 000, 000 workers) Legislative (Senate and House of Representatives) and Judicial (Supreme Court and lower Courts).
Detailed explanation-2: -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-3: -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.
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