1. The American System and the Economic Development of the United States

2. What was the American System?
1. An economic and cultural policy package in the post-War of 1812 United States
2. Political platform of the Democratic Republicans in the 1810s and 1820s and the Whig Party in the 1830s and 1840s

3. Henry Clay (1777-1852) and the American System
Coined by Henry Clay (March 31, 1824): “a genuine American system”
Protection of domestic manufactures through protective tariffs

4. The American System – Continued…. Policies a. Protective Tariffs b
The American System – Continued….. Policies a. Protective Tariffs b. Internal Improvements (roads and canals) c. National Bank (The First Bank of the United States: ; The Second Bank of the United States: ) d. Public Land Policies for Revenue

5. Internal Improvements:
The American System
Protective Tariffs
Internal Improvements:
Roads and Canals
National Bank
Public Land Policies

7. Philosophy…. Should the U.S. Government intervene in the Economy?
Approach: Initiatives of the federal government in the economy
Economic purpose: Creation of domestic market
a. South: cotton
b. West: grains and livestock
c. Northeast: manufacturing

8. Examples of the American System
a. Protective Tariffs Acts of 1828 and 1832
b. Cumberland (National) Road ( )
c. The Second Bank of the United States ( )

9. The Second Bank of the United States (Philadelphia)

10. Thomas Jefferson

11. James Madison

12. James Monroe

13. John Quincy Adams

14. Andrew Jackson