Question

Identify each statement about Henry Clay’s American System as being true or false.

It would impose a tariff on American-made goods.
It used tariff money to improve transportation infrastructure.
It eliminated the national bank.

Answer 1

The American System did not impose tariffs on American-made goods but on imports, and it did use tariff money for transportation infrastructure improvements. It did not eliminate the national bank; instead, it included creating a national bank.

Step-by-step explanation:

Henry Clay's American System was a comprehensive program designed to strengthen the economy of the United States in the post-War of 1812 era. Central to the American System were three key components: protective tariffs, a national bank, and federal investment in internal improvements. We'll assess the statements about the American System for accuracy.

• It would impose a tariff on American-made goods. - False. The American System imposed protective tariffs on imported goods, not American-made goods, to protect domestic manufacturers from foreign competition and encourage consumers to buy American products.
• It used tariff money to improve transportation infrastructure. - True. Revenue generated from tariffs was intended to fund internal improvements like the construction of roads and canals, facilitating the movement of goods and people throughout the country.
• It eliminated the national bank. - False. Rather than eliminating, the American System included the establishment of a national bank to regulate the supply of money and provide a stable currency, thus supporting economic growth.

These policies were envisioned to support economic development by promoting industry, fostering national growth, and unifying the country's varied regional interests.

Answer 2

Answer: The answer is:

a) It would impose a tariff on American-made goods. False

b) It used tariff money to improve transportation infrastructure. True

c) It eliminated the national bank. False

Step-by-step explanation:

The American System was an economic plan that played an important role in American policy and included such policies as:

a) As proposed under the American System, a protective tariff of 20 to 25 percent on imported goods, which encouraged consumers to buy less expensive American-made goods.

b) 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.

c) Preservation of the Bank of the United States to stabilize the currency and rein in risky state and local banks.