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  1. www.americanhistorycentral.com › entries › americanAmerican System, Summary, Facts, Significance, APUSH

    Feb 2, 2024 · The definition of the American System for APUSH is a federal economic policy proposed in the early 19th century aimed at promoting economic growth and development in the United States. The policy included three main components — infrastructure improvements, protective tariffs, and a strong national bank.

    • Randal Rust

  2. www.thoughtco.com › government-involvement-in-theGovernment Involvement in the American Economy - ThoughtCo

    In general, they accepted the concept of laissez-faire, a doctrine opposing government interference in the economy except to maintain law and order. This attitude started to change during the latter part of the 19th-century, when small business, farm and labor movements began asking the government to intercede on their behalf.

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  4. www.thoughtco.com › economic-ideas-advanced-byHenry Clay's American System Economic Plan - ThoughtCo

    Sep 12, 2019 · The American System was a program for economic development championed in the era following the War of 1812 by Henry Clay, one of the most influential members of Congress in the early 19th century. Clay's idea was that the federal government should implement protective tariffs and internal improvements and a national bank should help develop the ...

  5. oxfordre.com › americanhistory › abstractThe Late-19th-Century Economy - Oxford Research Encyclopedias

    Summary. The United States underwent massive economic change in the four decades following the end of the American Civil War in 1865. A vibrant industrial economy catapulted the nation to a world leader in mining and manufacturing; the agricultural sector overcame organizational and technological challenges to increase productivity; and the ...

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  7. classroom.synonym.com › american-economy-duringThe American Economy During the 1800s - Synonym

    Jun 26, 2018 · The debate between Thomas Jefferson and Alexander Hamilton in the 1790s shaped how the federal government was going to intervene in the economy in the 19th century. Hamilton believed that the government should strongly involve itself in banking and economic affairs, but Jefferson advocated a lesser role in which the market should be free of ...

  8. www.britannica.com › place › United-StatesUnited States - Expansion, Industrialization, Reforms ...

    The second Bank of the United States faced constant political fire, but the conflict now was not merely between farming and mercantile interests but also between local bankers who wanted access to the profits of an expanding credit system and those who, like the president of the Bank of the United States, Nicholas Biddle, wanted more regularity and predictability in banking through top-down ...

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  9. www.khanacademy.org › humanities › us-historyWestward expansion: economic development - Khan Academy

    In the late nineteenth century, the West developed into a modern agricultural machine--at the expense of farmers. Overview Land, mining, and improved transportation by rail brought settlers to the American West during the Gilded Age.

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