The American System Economic Plan
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Questions and Answers

What were the three parts of the American System proposed by Henry Clay?

  • Labor unions, Import taxes, Regional currencies
  • Agricultural subsidies, Free trade, State-run banks
  • Infrastructure, Protective Tariffs, National Bank (correct)
  • Industrialization, Export restrictions, Centralized government
  • How would the infrastructure aspect of the American System benefit American goods?

  • It would have no impact on the transportation of goods
  • It would lead to increased taxes on American goods
  • It would make transportation of goods faster and cheaper (correct)
  • It would primarily benefit foreign goods
  • What was the purpose of the second National Bank in the American System?

  • To encourage regional currencies and hinder trade
  • To invest in foreign banks and industries
  • To establish a single currency and facilitate trade (correct)
  • To create a decentralized banking system
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