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The American System was an economic plan that played an important role in American policy during the first half of the 19th century, rooted in the "American School" ideas of Alexander Hamilton. [ 1 ] A plan to strengthen and unify the nation, the American System was advanced by the Whig Party and a number of leading politicians including Henry ...
Senator Henry Clay Senator John C. Calhoun. The Tariff of 1833 (also known as the Compromise Tariff of 1833, ch. 55, 4 Stat. 629), enacted on March 2, 1833, was proposed by Henry Clay and John C. Calhoun as a resolution to the Nullification Crisis.
Henry Clay advocated his three-point "American System", a philosophy that was responsible for the Tariff of 1816, the Second Bank of the United States, and a number of internal improvements. John C. Calhoun embodied the Southern position, having once favored Clay's tariffs and roads, but by 1824 was opposed to both.
Henry Clay's American System, devised in the burst of nationalism that followed the War of 1812, remains one of the most historically significant examples of a government-sponsored program to harmonize and balance the nation's agriculture, commerce, and industry. This "System" consisted of three mutually reinforcing parts: a tariff to protect ...
The fledgling Republican Party led by Abraham Lincoln, who called himself a "Henry Clay tariff Whig", strongly opposed free trade. Early in his political career, Lincoln was a member of the protectionist Whig Party and a supporter of Henry Clay. In 1847, he declared: "Give us a protective tariff, and we shall have the greatest nation on earth".
Henry Clay's American System supported the necessity for central institutions to "take an activist role in shaping and advancing the nation's economic development". [26] The bank thus fit well into Clay's worldview, and he took advantage of Biddle's manipulation in order to pass the renewal bill through Congress, despite expecting Jackson's ...
The Whigs celebrated Clay's vision of the American System, which promoted rapid economic and industrial growth in the United States through support for a national bank, high tariffs, a distribution policy, and federal funding for infrastructure projects. [160]
Henry Clay Sr. (April 12, 1777 – June 29, 1852) was an American lawyer and statesman who represented Kentucky in both the U.S. Senate and House of Representatives.He was the seventh House speaker as well as the ninth secretary of state.