jan 1, 1816 - American System

Description:

Instituted by Henry Clay (leading Congressman and "the Great Compromiser" regarding sectionalism)
- National Republicans adopt policies similar to the Federalists (factions within the "one party")

PARTS:
1) Tariff of 1816: 1st Protective Tariff
- foreign products cost more
- to protect and encourage USA industry
2) 2nd Bank of the United States
- to ensure financial stability and provide
credit
3) Internal Transportation Improvements
(VETOED by Madison and Monroe -> not in
Constitution for fed. gov. -> states must pay
-> NY Erie Canal in 1825))
- development of canals and roads to unite
the nation

GENERATED DEBATES OVER WHO BENEFITTED
- SECTIONALISM
- north vs. south, manufacturing vs. agrarian

Added to timeline:

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