American System

The American System was a economic plan proposed in the early 19th century by politician Henry Clay. It aimed to strengthen the U.S. economy through three main components: establishing a protective tariff to encourage American industry, creating a national bank to foster financial stability, and investing in internal improvements like roads and canals to facilitate trade and transportation. This plan sought to unify the growing nation, promote economic development, and reduce dependence on foreign goods, ultimately shaping the foundation of American economic policy in the years to come.