Pick one (1) of the following topics. Then, address the corresponding questions/prompts for your selected topic. Use at least one (1) documented example of the corresponding primary source in your writing.

Option 1: The American System, Transportation, and Communication
Read the following primary source:

  • Link (website): Of Debates in Congress (Clay’s Debate of the American System in 1832) (Links to an external site.) (Click on “Next Image” to see all pages of the debate: pp.258-262.)

Then, address the following:

  • Describe the idea of Henry Clay’s “American System.”
  • Based on Clay’s economic vision of America, analyze how the American System would build the American market and economy?
  • Analyze the role of mechanization and communication in the American System.

Solution Preview

The idea of Henry Clay’s “American System.”

McNaylor (2016) opines that the American system was the plan that was expected to help in the unification of the government. The idea by Henry Clay was based on three components namely the internal improvements, having protective tariffs, and the chartering of the second bank of the United State. Typically, it is provided that the government in the American system is expected to deposit funds in the bank and there was a need for the support of the need for acceptance of banknotes as payments for such things as the land and taxes. Under the American system as well there was a need for the government to purchase 20% of the stocks in the bank and that there was the implementation of protective tariffs on the taxes for goods that were imported from countries such as Britain (Truman, 2017). This was expected to help in the enhancement of the small industries although it influenced the foreign trade as well as for the American consumers. With the American system,…

((click here to get full solution for only $6)