Two main points of Clay's system were the protection of American manufacturers from foreign competition, compromising the congress into forcing internal trade and protection from imports. The second point was to reach a diversified economy, believing the U.S. should be both industrial and agricultural, creating the need to enforce programs with such intentions.
In the late 1820s tensions about the government interfering in the economy and development in such extent that South Carolina threatened to withdraw from the Union because of a tariff, birthing the Nullification Crisis. Eventually Clay's concept of taxes and internal improvements became standard policy in the late 1800s.
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Such economies can be beset by high levels of debt, a heavy reliance on foreign capital inflows, a steady depreciation of its currency, and high-interest rates. Sri Lanka has suffered balance of payments (BOP) crises at regular intervals, with the exception of a 9-year period from 1992 to 2000.
The recent changes in the climate have reduced crop yields and crop growth in Sri Lanka due to heat intolerance and water evaporation. This reduces the economic returns to those in the agricultural sector, leading to lower incomes for the individuals affected by these environmental changes.
The president can only serve two terms in office
3. Industries became more mechanized
