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Why did the Whigs propose the American System?

It would charge high tariffs to pay for infrastructure to help economic development


How did US policy affect the development of latin America?

U.S. policy significantly influenced the development of Latin America through interventions that aimed to secure American economic and political interests. The Monroe Doctrine established a framework for U.S. dominance in the region, discouraging European colonialism and asserting American influence. Subsequent policies, such as the Good Neighbor Policy and support for various regimes, shaped political landscapes and economic systems, often prioritizing U.S. stability over local sovereignty. This led to both modernization and dependency, as many Latin American countries became economically tied to the U.S., impacting their long-term development trajectories.


Which group supported western expansion and economic development?

War Hawks.


The profitable southern slave system?

hobbled the economic development of the region as a whole


Why are John D. Rockefeller and Andrew Carnegie important figures in U.S. history?

John D. Rockefeller and Andrew Carnegie are pivotal figures in U.S. history due to their immense contributions to the industrialization of the nation in the late 19th century. Rockefeller revolutionized the oil industry and established the Standard Oil Company, which became a model for monopolistic practices. Meanwhile, Carnegie led the expansion of the steel industry through his company, Carnegie Steel, significantly impacting infrastructure and economic growth. Their philanthropic endeavors also laid the groundwork for modern charitable giving, influencing future generations of wealth distribution.

Related Questions

What has the author Walter Krause written?

Walter Krause has written: 'American agricultural surpluses and foreign economic development' 'Latin America and economic integration' 'International economics' 'Economic development; the underdeveloped world and the American interest' -- subject- s -: American Economic assistance, Economic conditions 'International tourism and Latin American development' -- subject- s -: Tourism


What did American imperialists who advocated acquisition of the Philippines stress?

their economic potential for American trading profits


The American system was an economic plan which called upon the national government to aid the country's economic development?

true


What has the author Ann Willcox Seidman written?

Ann Willcox Seidman has written: 'Planning for development in sub-Saharan Africa' -- subject(s): Economic policy, Economic conditions 'The roots of crisis in southern Africa' -- subject(s): American Economic assistance, American Investments, Economic assistance, American, Foreign relations, International business enterprises, Investments, American, Relations, South Africa, United States 'State and law in the development process' -- subject(s): Economic policy, Law and economic development 'Ghana's development experience' -- subject(s): Economic policy, Economic conditions 'Comparative development strategies in East Africa' -- subject(s): Economic policy, Economic conditions 'Legislative drafting for democratic social change' -- subject(s): Policy sciences, Bill drafting


What has the author Priyatosh Maitra written?

Priyatosh Maitra has written: 'The globalization of capitalism in Third World countries' -- subject(s): Capitalism, Case studies, Economic conditions, Economic policy 'The mainspring of economic development' -- subject(s): Economic conditions, Economic development, Industrialization 'Indian economic development' 'Import-substitution potential in East Africa' -- subject(s): Commerce, Import substitution, Industries


Is economic growth necessary for economic development?

Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.


What development allowed the American economy to be affected by economic problems in other regions of the world?

Globalization


What greatly influenced the economic development of Ontario and Quebec?

the north American free trade agrrement


What impact did the marshal court have on American economic system?

It encouraged the development of more large corporations


What has the author Molly Hageboeck written?

Molly Hageboeck has written: 'Private sector' -- subject(s): American Economic assistance, Capitalism 'Private sector, ideas and opportunities' -- subject(s): American Economic assistance, Economic development, Economic policy, Finance


What titans of industry played a major role in holding the economic system together with his banking and business practices?

People like Andrew Carnegie and John D. Rockefeller were titans of industry who held the American economy together. Their business practices made them incredibly wealthy and created an unhealthy economic structure, but they funnelled money into the American economy that kept it running.


What are the nature of Economic development?

nature of economic development