Eisenhower Doctrine
I got it from my test... If it is wrong you can kill me!
Sorry for the late response
Answer:
The American system was a national economic plan put forth by Senator Henry Clay of Kentucky and the Whig party throughout the first half of the 19thcentury. The plan consisted of three major components:
Pass high tariffs (taxes) on imports to protect American businesses and to increase revenues.
Re-establish a Bank of the United States (original charter had expired in 1811) in order to stabilize US currency and state banks.
Develop and support internal capital improvements, primarily consisting of designing and constructing roads and canals.
Answer:
Colonies were new markets where merchants could sell their goods.
Colonies provided resources for making manufactured goods in industrialized countries.
Explanation:
Colonial exploitation was beneficial to the economy of the metropoles for two main reasons resulting from the Colonial Pact.
First, the colonial pact established that colonies could only buy products from their European metropole. Consequently, the colonies became new markets for the disposal of European products.
Second, the colonies became suppliers of natural resources that were exported to Europe to manufacture.
In the end, the process of import and export between European countries and colonies was beneficial to global GDP.
