To prevent European colonization in the Western Hemisphere
How did Tariffs make it more difficult for the American people?
They had to buy more expensive American goods.
What is sectionalism?
devotion to the interests of a region over those of a country as a whole.
Who came up with the idea of the "American System"?
Henry Clay
What are Tarriffs?
Taxes on Imports
How did the "American System" create sectionalism in America?
Divided the North and South over the issue of how the economy should run (state control vs Federal control)
What was Henry Clays nickname?
The Great Compromiser
What was the goal of the "American System"?
Made America economically self-sufficient from the rest of the world
What was the purpose of having a National Bank system?
to regulate currency across the country so buy and selling was easier among regions.
Which region benefitted the most from the "American System"?
Northern Industries
What was the main economic focus for the South?
Agriculture (Plantations)
Which region supported Tariff's?
North
Which transportation invention made the "American System" more possible?
Railroads/Canals/Steamboats
Which region disapproved of Tariffs?
South
How is the "American System" similar and different then how our economy works today?
Our economic system today is still based on the mass production of products through factories, the difference that it is an international process not only US.
What was the purpose of the Tariffs?
To encourage people of buy American made goods over foreign made
The "Feel Good Era" was controlled by which political party?
Democratic-Republicans
What was the economic focus for the North?
Manufacturing
What were the three components of creating the "American System"?
Improved Transportation, Tarriff's, and a National Bank
Which invention drastically improved communication in America?
Telegraph
Your experience on this site will be improved by allowing cookies.