American Studies 1020 Final: The American System
27 Feb 2018
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The american system: a tariff to protect american industry, a national bank to foster commerce and provide a sound currency, infrastructure construction to unite northern manufacturers, western farmers, and southern planters. It attempted to balance manufacturing, commerce and agriculture: needed to boost revenue as the us treasury was depleted by 1814. The bank: 1811- us congress had refused to renew the charter of the bank of the. United states: this left treasury dependent on state banks which created technical difficulties, much easier with one central lending institution. Jan 1816- calhoun of south carolina introduced a bill to charter the second. Bank of the united states: signed into law by april. The tariff: tariff of 1816- imposed 25% tariff on most imported factory goods, aimed at reducing competition from britain. Infrastructure: the war had highlighted transportation difficulties, the american system invested in the construction of the national road,
