Explain The Flaws Of The American System
The American System was an economic plan that rested on three reinforcing parts: a new national bank that would cultivate commerce, a tax on imported goods to protect American industry; and federal financial aid to improve roads, and canals. The plan combined and balanced the nation’s agriculture, commerce and industry. The plan was thought up to strengthen and unify the nation in order to become economically independent of Britain.
The war of 1812 pointed out numerous flaws that could be answered by the American System economic plan. Having a national bank was a great benefit because the previous bank of the United States charter expired and made it difficult to raise money, the new nation also lacked a uniformed currency. The improvement
The war of 1812 pointed out numerous flaws that could be answered by the American System economic plan. Having a national bank was a great benefit because the previous bank of the United States charter expired and made it difficult to raise money, the new nation also lacked a uniformed currency. The improvement