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7 April, 06:23

The American System promoted which of the following? (Choose all answers that apply.)

The establishment of a national bank to centralize currency and the requirement of states to back their currency with gold.

The creation of a standing military ready to defend the nation from adversaries.

An investment in infrastructure with new transportation routes that improved time, efficiency, and were cost-effective.

The promotion of protective tariffs to ensure that newly developing industries would survive.

The promotion and participation in an interdependent trade network across the globe.

A reach out program to the British asking for allied support as a new and independent nation.

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  1. 7 April, 10:01
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    The correct answers are: A, C and D.

    The 'American System' was a government-sponsored program to harmonize and balance the nation's agriculture, commerce and industry following the war of 1812.

    The system consisted of three mutually reinforcing parts:

    - the establishment of a national bank to foster commerce. The bank would promote a single currency to make trade easier,

    - federal subsidies for roads, canals and other means of transport to improve the overall efficiency of infrastructure,

    - the promotion of protective tariffs to protect America industries and generate revenue for the federal government. The tariffs were a 20% to 25% tax on imported goods to protect the businesses from foreign competition.
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