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Protective tariffs meant American goods were taxed less than imported goods.

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10y ago

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What did protective tarrifs mean to American industries?

If you are referring to the tariff wall, that Ronald Reagan put on it helped because back in that time we still had industry in America that could produce the same goods as other countries. Sadly, we cannot do that anymore.


What does the term American system mean?

Coined by Henry Clay, it is a program for economic development in the 19th century. It was basically a plan to improve the United States as a whole that included internal improvements (this meant states' improvements), protective tariffs and a national bank. Many Americans were not an advocate of this since the protective tariffs restricted our trade, internal improvements only improves states and not the US as a whole, and the national bank would lead to a central authority. However, the Americans needed this system, as during the presidency of Andrew Jackson, a non-supporter for the American System that refused to have anything to do with it, refused to do internal affairs, lowered tariffs, and dissolved the National Bank, sending the US economy into a tailspin.


What does the American System mean?

Coined by Henry Clay, it is a program for economic development in the 19th century. It was basically a plan to improve the United States as a whole that included internal improvements (this meant states' improvements), protective tariffs and a national bank. Many Americans were not an advocate of this since the protective tariffs restricted our trade, internal improvements only improves states and not the US as a whole, and the national bank would lead to a central authority. However, the Americans needed this system, as during the presidency of Andrew Jackson, a non-supporter for the American System that refused to have anything to do with it, refused to do internal affairs, lowered tariffs, and dissolved the National Bank, sending the US economy into a tailspin.


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