QUESTION IMAGE
Question
period:
36.b: explain, through analyzing graphs and diagrams, how the north, south, and west were linked through industrial and economic expansion; including henry clay and the american system
significance of henry clay
____ companies had begun to send huge amounts of inexpensive __ to america after the war. __ mill owners wanted to sell their goods to americans rather than have them buy them from ____, but they were having a hard time competing with the british prices.
identify: list three items included in henry clay’s american system
- ______
- ______
- ______
summarize: what was the industrial and economic purpose of the american system?
henry clays
american system
1 protective tariffs 2 national bank 3 buikd infrastructure
tariffs raised money for the government. the money was used to build infrastructure through federal subsidies. the increased infrastructure made it easier to trade domestically which increased industrial growth. the national bank stimulated and simplified transactions with a national currency.
For the "Identify: List three items included in Henry Clay’s American System" sub - question:
From the diagram and text about Henry Clay's American System, we can see the three main components. The diagram has three labeled sections: Protective Tariffs, National Bank, and Built Infrastructure. The text also supports this as it mentions tariffs raising money for the government (used for infrastructure), the National Bank simplifying transactions, and infrastructure aiding trade and industrial growth.
The American System had several economic and industrial goals. Protective tariffs raised government revenue (from tariffs on imported goods) which was used to fund infrastructure (like roads, canals). Better infrastructure made domestic trade easier, which in turn boosted industrial growth as goods could be transported more easily. The National Bank provided a national currency, simplifying and stimulating economic transactions. Overall, the purpose was to promote domestic industry (by protecting it with tariffs), facilitate trade (via infrastructure), and stabilize the economy (through the national bank), all to achieve economic growth and national self - sufficiency.
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- Protective Tariffs
- National Bank
- Built Infrastructure (through federal subsidies using tariff revenue)