The American System
The Future of America's Economy
Clay proposes a 20-25% tax on all imported goods. This tariff protects our national business by eliminating the draw of foreign competition. Americans will be encouraged to purchase US goods, therefore boosting our economy and hindering Britain's.
Trade will be much easier if negotiated under a single currency. The national bank unifies all economic activity as well as enabling the government to issue sovereign credit, instead of borrowing from private banks.
The American System - Saving the American Economy
In addition to the national bank, trade will be improved by the transformation of our country's infrastructure. The development of a national roadway system enables the trade industry to become faster and easier for everyone. Poor roadways hinder trade, and make transportation slower and more expensive.