The best use of the excerpt in question by historians would be to understand <u>A. The</u><u> political debates</u><u> over </u><u>economic development. </u>
The excerpt focuses on Henry Clay and his argument for the Tariff of 1833 which would replace the Tariff of 1832 which had been controversial because:
- It essentially forced Southern States to buy goods at a higher rate from Northern manufacturers
- It led to Britain buying less goods from the South
The excerpt therefore showed how politicians debated over economic subjects such as tariffs and protectionism.
We can therefore conclude that historians could use it to better understand the political nature of debates over economic development at the time.
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The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices. The Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates.
it increased the budget deficit.
The Urban Population. The factories protected by the tariff would run at a profit and employ the urban population. The city dwellers would constitute an increased market for agricultural products and would manufacture goods for use in farming regions. The farms would supply raw materials to the factories and food to a growing urban population. Clay’s American plan was rejected, but Congress was able to pass protective tariff.
