USA HISTORY

Detailed explanation-1: -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-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: -As proposed under the American System, a protective tariff of 20 to 25 percent on imported goods-such as woolens, cottons, leather, fur, hats, paper, sugar and candy-would protect the nation’s fledgling industries from foreign competition.

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.