American System
Henry Clay
Purpose
The purpose of the American System was to make sure we were no longer being subordinate to, or giving favorable trade to, other countries. And essentially make America economically self-sufficient.
Nationalism vs. Sectionalism
Nationalism: Pride towards one's nation/country.
Sectionalism: Pride towards one's region/county/state.
Key Components
- Tariffs - Used to not only encourage the buying and selling of products from America, but to gain money for subsidies.
- National Bank - To regulate commerce and the economy.
- Government Subsidies - To help pay for roads, and other ways of transportation.
Henry Clay
Henry Clay was a very intelligent man who led the Whig Party. He was elected in to Senate, was nominated for President but never won, was the Speaker of the House, and many other positions.