What was a long-lasting result of Henry Clay's "American System"?

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14-10-2017
History

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What was a long-lasting result of Henry Clay's "American System"?

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meerkat18 meerkat18 · Answer 1 · 2017-10-28T05:36:28+02:00

Henry Clay’s “American System” remains to be one of the most significant examples of a program sponsored by the government. Through the “American system,” harmony and balance in the nation’s agriculture, commerce, and industry is preserved. This type of system reinforces tariff to protect and promote American industry, national bank to nurture commerce, and state subsidies to promote the improvement of roads, canals, and etc.

avantikar avantikar · Answer 2 · 2019-11-07T13:04:44+01:00

The lasting result of Henry Clay's "American System" was that it had created a more national, unified American trading economy

Further Explanation:-

The Economic system was a plan with regards to the Economy and it played a Pivotal role in This policy concerning the growth of the American Economy that took place during the First Half of the 19th Century. This policy came from American School from the ideas of Alexander Hamilton. This policy constituted of three principal plans and the first part was a tariff to protect and promote American Industry, Second was a national bank in order to foster commerce and trade and the third part consisted of subsidy by federal agencies in order to build roads, canals in order to gain profitable markets for the agricultural sector. Henry Clay, who was a congressman, was behind the implementation of this system and the first one to refer to this.

It was a plan to strengthen the economy as well as the Unity of the Nation. This was advanced by the Whig party with the support of many politicians such as Henry Clay as well as John Quincy Adams and John C. Calhoun. This plan wanted to increase the American economy with exports such as Tobacco, Cotton, and Tar as these were considered as sources of expanding trade.

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Answer details:

Grade – High School

Subject – History

Chapter – Henry Clay's "American System"

Keywords –Henry Clay, Economy, America, System, John Quincy Adams, John C. Calhoun, Agencies, Commerce, Trade, Federal agencies.