American System
Created by Henry Clay
Strong Banking System
-regulates currency
-stabilizes the economic system
-loans money to businessmen and farmers
-provides fast and easy credit
-reduces independence on foreign goods
Protective Tariff
-flourishes eastern manufacturing
-encourages consumers to purchase less-expensive, local products
-helps to protect/promote American industries from foreign competition
Internal Improvements
-creates networks of roads and canals which helps finance the nation by the tariff and land sales
-facilitates the transfer of goods and people between regions