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!!!
PLEASE NOTE: Most Presidents vetoed internal improvement bills because they believed in strict interpretation, and using federal money for internal improvements is not a power granted to the federal government in the Constitution.
Synthesis: Can you connect this development to other historical periods, geographic areas, context, or circumstances?
The Pacific Railroad Act of 1862
" An Act to aid in the construction of a railroad and telegraph line from the Missouri river to the Pacific ocean, and to secure to the government the use of the same for postal, military, and other purposes."
The Federal Highway Act of 1956 One of the most expensive public-works projects in U.S. history, the highway act allocated more than $30 billion for a 41,000-mile nationwide interstate-highway system. Paved highways gave birth to America’s car culture and to roadside businesses such as truck stops, fast-food restaurants, and suburban shopping malls.
PLEASE NOTE: Most Presidents promoted internal improvement bills and allocated federal money for internal improvements as a way of expanding infrastructure that linked markets and promote commerce
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