Answer:
modern
Explanation:
An economic system refers to organizing and distributing existing resources, services, and goods through communities or governments through a specific area or nation. Economic structures control production factors, including money, labor, physical resources, etc. three major types of the economic system includes pure command, pure market, and traditional economic system. The traditional economic system is based on a number of established rituals, customs, or trends. There is an influential, centralized authority in the command system, and market economic systems are based on the notion that there would be very little interruption from the government.
Answer:
1. a tariff to protect and promote American industry; 2. national bank to foster commerce; 3. and federal subsidies for roads, canals, and other "internal improvements" to develop profitable markets for agriculture.
Explanation:
This "System" consisted of three mutually reinforcing parts: a tariff to protect and promote American industry; a national bank to foster commerce; and federal subsidies for roads, canals, and other "internal improvements" to develop profitable markets for agriculture. Funds for these subsidies would be obtained from tariffs and sales of public lands. Clay argued that a vigorously maintained system of sectional economic interdependence would eliminate the chance of renewed subservience to the free-trade, laissez-faire "British System." In the years from 1816 to 1828, Congress enacted programs supporting each of the American System's major elements. After the 1829 inauguration of President Andrew Jackson's administration, with its emphasis on a limited role for the federal government and sectional autonomy, the American System became the focus of anti-Jackson opposition that coalesced into the new Whig party under the leadership of Henry Clay.
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