Henry Clay’s American System, Which was established in the early 1800,

History

1 answer:

Step2247 [10]3 years ago

6 0

Answer:

Henry Clay's American was established to help the American economy.

Henry Clay believed that increased industrialization and investment in American industry would help the American economy. This is why his plan included the following

1) Increased tariffs- This tax on imported goods would increase the price of foreign goods, making citizens more likely to buy American made goods.

2) Subsidies and loans to companies working on infrastructure- This included the development of roads and railroads.

3)National bank- This central organization would help to foster commerce.

Henry Clay’s American System, which was established in the early 1800s,

"placed tariffs on foreign imports to build roads and infrastructure," since the goal was to bolster the domestic US economy.

Explanation:

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