Question

This question has me very confused PLEASE help:

Henry Clay planned to fund the American System largely through

tariffs on foreign imports.

sales of manufactured goods.

improvements to infrastructure.

sales of food and cash crops.

Answer 1

The correct answer is: "through tariffs on foreign imports".

The American System was an economic plan, and its main proponent was the Congressman Henry Clay. It was a very discussed issue in the policymaking scenario in the US during the first half of the 19th century.

The American System would consist in three pillars that were designed to reinforce each other. On the first hand, tariffs would be set to raise funds for the program and for the protection of national industries. A national bank would be created to enhance trade within the country and also subsidies would be directed for the construction of infraestructures such as roads or canals, to foster the existence of profitable markets for agricultural goods.