Question

Which statements accurately summarize President Madison’s economic policy?

SELECT ALL THAT APPLY.

A. use of military vessels to seek intercoastal supplies of whale oil
B. establishment of a government system based upon feudalism
C. protection of American-made products through use of tariffs
D. improved transportation through funding of national roads, railroads, and canals
E. discontinuation of the national bank system as a result of presidential veto

Answer 1

The correct answer is c

Answer 2

The correct answers are C) protection of American-made products through the use of tariffs and E) discontinuation of the national bank system as a result of the presidential veto.

The statements that accurately summarize President Madison’s economic policy are the following: protection of American-made products through the use of tariffs and discontinuation of the national bank system as a result of the presidential veto.

James Madison was the fourth President of the United States. His presidency started in March 1809 and ended in March 1817. He followed Thomas Jefferson as President.

Madison's economic policy can be summarized in that he protected American-made products through the use of tariffs, discontinued the national bank system as a result of the presidential veto, although he later reconsidered. He also implemented a taxation system to finance the federal government and vetoed the Bonus Bill in 1817 that was aimed to construct better infrastructure such as roads and public services.