American System (Henry Clay Program)
The American System, originally called "The American Way", was an economic plan that played a prominent role in American policy during the first half of the 19th century. Rooted in the "American School" ideas of Alexander Hamilton, the plan "consisted of three mutually reinforcing parts: a tariff to protect and promote American industry; a national bank to foster commerce; and federal subsidies for roads, canals, and other 'internal improvements' to develop profitable markets for agriculture." Congressman Henry Clay was the plan's foremost proponent and the first to refer to it as the “American System”.
Read more about American System (Henry Clay Program): History, Main Points, Annual Message of 1815 (Seven Points)
Famous quotes containing the words american, system and/or clay:
“Utility is our national shibboleth: the savior of the American businessman is fact and his uterine half-brother, statistics.”
—Edward Dahlberg (1900–1977)
“In nothing was slavery so savage and relentless as in its attempted destruction of the family instincts of the Negro race in America. Individuals, not families; shelters, not homes; herding, not marriages, were the cardinal sins in that system of horrors.”
—Fannie Barrier Williams (1855–1944)
“When Nature was shaping him, clay was not granted
For making so full-sized a man as she wanted,
So, to fill out her model, a little she spared
From some finer-grained stuff for a woman prepared,
And she could not have hit a more excellent plan
For making him fully and perfectly man.”
—James Russell Lowell (1819–1891)