Question

What was the American System?

A) A plan to fix the Constitution
B) A plan to stop all European colonies in North America
C) A plan to make America economically self-sufficient
D) A plan to set up American colonies

Answer 1

The American System was a plan to make c. America economically self-sufficient through the creation of a national bank, implementation of a protective tariff, and investment in internal improvements.

Step-by-step explanation:

The American System was a plan to make c. America economically self-sufficient. It was proposed by Henry Clay in 1824 and aimed to benefit all regions of the country. The plan consisted of three main components:

1. Creation of a national bank: This would create a more stable currency system by checking the money and credit supply.
2. Implementation of a protective tariff: The tariff would protect American factories from foreign competition, reduce dependence on foreign trade, and generate additional revenue for the government.
3. Investment in internal improvements: This involved building roads, canals, and improving transportation infrastructure to facilitate the movement of raw materials and finished goods across the country.

These measures were intended to promote economic growth and development, enhance domestic industry, and increase America's self-reliance.