American System Balanced or Not? Free Essay, Term Paper and Book Report
The American System Balanced or Not?
Henry Clays American system does not balance both Hamilton's and Jefferson's vision for the economy going more towards Hamiltons view. The American system proposed by Henry clay was an economic plan for the United States that consisted of a high tariff on European goods, a national bank, and improvements on transportation and infrastructure. First it was not balanced because of the protective tariff which helped the north. Another reason the plan was unbalanced because the national bank was one of Hamiltons visions. The only was the plan benefited both Jefferson and Hamilton because of improvements on infrastructure.
Firstly the American System mostly balanced Hamiltons vision for the economy more than Jeffersons vision because of a protective tariff that was put on all imported goods, making international goods more expensive and American ones cheaper. The reason the protective tariff benefited Hamilton was because it would increase industry in the U.S. Since it would increase industry and make it the base of the economy Jefferson w......
Word Count: 746
Page Count: 2.9 (250 words a page / double spaced)
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