Question

In Henry Clay's "American System," how would new transportation systems to link the Midwest and North be funded?

Question 11 options:

local and regional loans


income taxes


loans from Britain


protective tariffs (to keep foreign goods more expensive than American made goods to help American businesses)

Answer 1

I believe it was local and regional loans.

Answer 2

The correct answer is D) protective tariffs (to keep foreign goods more expensive than American made goods to help American businesses).

In Henry Clay's "American System," new transportation systems to link the Midwest and North would be funded by protective tariffs (to keep foreign goods more expensive than American made goods to help American businesses).

Henry Clay (1777-1852) was the leader of the Whig Party and a prominent figure in the decision making of the United States. He was Secretary of State and Senator. He was the creator of the economic program for the United States called "the American system," that included a national bank, a protective tariff, and government subsidies for transportation plans.