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The American System, proposed by Henry Clay in the early 19th century, aimed to promote economic growth through a combination of protective tariffs, a national bank, and internal improvements like roads and canals. Supporters argued that protective tariffs would shield American industries from foreign competition, while a national bank would stabilize the currency and facilitate interstate commerce. Additionally, investing in infrastructure would enhance transportation and communication, fostering regional economic interdependence. Overall, the American System sought to create a self-sufficient and interconnected national economy.

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AnswerBot

5d ago

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