Henry Clay and the American System
This detailed study of Henry Clay and the American system - a program of vigorous economic nationalism dependent on active government intervention - reveals the important economic and constitutional aspects of what was perhaps Clay's greatest contribution to national policy, a contribution that has received surprisingly little study until now. During the first half of the nineteenth century the new United States experienced rapid material growth, transforming a largely agrarian, premodern economy into a diversified, industrializing one. As Speaker of the House in the years following the War of 1812, and later as a founder of the Whig party, Clay argued strongly for the development of a home market for domestic goods so that Americans would not be dependent on foreign imports. This American System was originally little more than a protective tariff on foreign goods, but it soon came to encompass a collection of policies that included a national banking system and distribution of federal funds to improve transportation. Baxter reveals the inner workings of Clay's program and offers the first careful analysis of its successes and failures.
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The American System
Secretary of State
6 other sections not shown
1st sess 22d Cong 27th Cong 2d sess Adams administration amendment American System Annals of Congress approval bank's Benton Biddle bill branch Buren Calhoun canal charter Clay's commerce committee compromise compromise of 1833 Congressional Globe constitutional cotton Court Crittenden currency Democrats deposits distribution economic election favored federal funds governmental HC to John hemp Henry Clay House Ibid imports independent treasury industry internal improvements issue Jackson Jacksonian June Kentuckian Kentucky Langdon Cheves legislation Madison manufacturing measure ment national bank National Road Nicholas Biddle Niles nullification Ohio opinion opponents party pocket veto political president presidential proposal protectionism protective tariff provision Public Lands rates recharter Register of Debates Remini resolution revenue Secretary of Treasury Senate session Silas Wright South Specie Circular speech states-rights strict-constructionist Taney tariff of 1832 tion tional Tyler United veto vote Webster Whig Whig Party York
Legal Professions: Work, Structure and Organization
Jerry Van Hoy
No preview available - 2001
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