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mar 28, 1824 - Henry Clay's American System

Description:

Henry Clay's American System was an economic plan proposed in the early 19th century aimed at fostering national growth and protecting American industries through high tariffs, a national bank to foster commerce, and federal subsidies for internal improvements like roads and canals. This system sought to unify the nation's economy and expand the market for agricultural goods from the South and West by connecting them to Northern industrial centers, promoting interdependence among the states.

Added to timeline:

9 May 2024
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Date:

mar 28, 1824
Now
~ 201 years ago