I don't think so. Removing tariffs could lower the price of foreign goods, which would discourage domestic spending.
protective tariffs.
protective tariffs
high tariffs
the railroad
One element that was not part of Clay's American System is the establishment of a national bank. Clay's American System focused on three main components: protective tariffs to support American industry, a national bank to foster commerce and stabilize the currency, and internal improvements such as roads and canals to enhance transportation. Therefore, while the national bank is a key feature, it is not considered a separate element but rather part of the broader framework.
American System
protective tariffs.
protective tariffs
protective tariffs
protective tariffs
protective tariffs
to create high tarrifs.
high tariffs
high tariffs
high tariffs
The American System included protective tariffs, internal improvements, the buildings of roads and canals, and a national bank.
Tax on imported goods from foreign countries to protect manufacturing.