Answer: The centerpiece of Clay's statecraft was an integrated economic program called 'the American System. ' This envisioned a protective tariff, a national bank jointly owned by private stockholders and the federal government, and federal subsidies for transportation projects ('internal improvements').
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
