The American System

By Kylee Coccaro

The Purpose

  • The regimenting of high tariffs to protect fledgling American industries.
  • Federally supporting 'internal improvements' in transportation
  • The creation of a strong banking system that would make loans available to businessmen.

Key Components

  • Support for a high tariff to protect American industries, and generate revenue for the federal government.
  • Maintenance of high public land prices to generate federal revenue.
  • Preservation of the bank of the U.S. to stabilize the currency and rein in risky state and local banks.
  • Development of a system of internal improvements (such as roads and canals) which would knit the nation together, and be financed by the tariff and land sales revenues.

Henry Clay

He was the leader of the Whig party and five times an unsuccessful presidential candidate. He was secretary of state under John Quincy Adams, Speaker of the House of Representatives, and the most influential member of the Senate during its golden age. He was also a "war hawk" during the War of 1812.

His major achievement is the fact that he created an economic program called the American System.

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