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The American System, proposed by Henry Clay in the early 19th century, aimed to promote national economic development and unify the country. It sought to strengthen the economy through a combination of protective tariffs to support American industries, a national bank to foster a stable currency and credit, and internal improvements like roads and canals to facilitate transportation and trade. The intention was to create a self-sufficient economy that would link different regions and reduce dependence on foreign goods, ultimately fostering national unity and growth.

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1w ago

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