#2 HENRY CLAY’s AMERICAN SYSTEM (1824)
Leads to specialization and inter regional dependency (and sectionalism)
Re-charter National Bank (BUS –1816) – to provide national ; extend credit for land purchases and check state banks.
Protective tariffs – promote American manufacturing and raise revenue for transportation infrastructure- Tariff revenues would fund roads and canals and eastern trade would flourish under tariff protection
Internal improvements used to promote growth and commercial agriculture.
HOW? Roads and waterways + new and faster vehicles = farmers connecting to new markets!!!
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