American System (economic Plan)
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American System (economic Plan)
The American System was an economic plan that played an important role in American policy during the first half of the 19th century, rooted in the "American School" ideas of Alexander Hamilton.Classic Senate Speeches: Henry Clay ''In Defense of the American System''
at the U.S. Senate website
A plan to strengthen and unify the nation, the American System was advanced by the Whig Party and a number of leading politicians including and
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Henry Clay - Project Gutenberg EText 16960
Henry may refer to: People *Henry (given name) * Henry (surname) * Henry Lau, Canadian singer and musician who performs under the mononym Henry Royalty * Portuguese royalty ** King-Cardinal Henry, King of Portugal ** Henry, Count of Portugal, Henry of Burgundy, Count of Portugal (father of Portugal's first king) ** Prince Henry the Navigator, Infante of Portugal ** Infante Henrique, Duke of Coimbra (born 1949), the sixth in line to Portuguese throne * King of Germany **Henry the Fowler (876–936), first king of Germany * King of Scots (in name, at least) ** Henry Stuart, Lord Darnley (1545/6–1567), consort of Mary, queen of Scots ** Henry Benedict Stuart, the 'Cardinal Duke of York', brother of Bonnie Prince Charlie, who was hailed by Jacobites as Henry IX * Four kings of Castile: ** Henry I of Castile ** Henry II of Castile ** Henry III of Castile ** Henry IV of Castile * Five kings of France, spelt ''Henri'' in Modern French since the Renaissance to italianize the na ...
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Tariff Of 1816
The Tariff of 1816, also known as the Dallas Tariff, is notable as the first tariff passed by Congress with an explicit function of Protectionism in the United States, protecting U.S. manufactured items from overseas competition. Prior to the War of 1812, tariffs had primarily served to raise revenues to operate the national government. Another unique aspect of the tariff was the strong support it received from Southern states. The bill was conceived as part of a solution to the purely domestic matter of avoiding a projected federal deficit reported by Secretary of the Treasury Alexander J. Dallas (statesman), Alexander J. Dallas. International developments added key facts to the debate; in 1816 there was widespread concern among Americans that war with United Kingdom of Great Britain and Ireland, Great Britain might be rekindled over economic and territorial issues. A tariff on manufactured goods, including war industry products, was deemed essential in the interests of nationa ...
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Franklin Pierce
Franklin Pierce (November 23, 1804October 8, 1869) was the 14th president of the United States, serving from 1853 to 1857. He was a northern Democrat who believed that the abolitionist movement was a fundamental threat to the nation's unity. He alienated anti-slavery groups by signing the Kansas–Nebraska Act and enforcing the Fugitive Slave Act. Conflict between North and South continued after Pierce's presidency, and, after Abraham Lincoln was elected president in 1860, Southern states seceded, resulting in the American Civil War. Pierce was born in New Hampshire. He served in the U.S. House of Representatives from 1833 until his election to the Senate, where he served from 1837 until his resignation in 1842. His private law practice was a success, and he was appointed New Hampshire's U.S. Attorney in 1845. He took part in the Mexican–American War as a brigadier general in the Army. Democrats saw him as a compromise candidate uniting Northern and Southern interests, ...
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James K
James is a common English language surname and given name: *James (name), the typically masculine first name James * James (surname), various people with the last name James James or James City may also refer to: People * King James (other), various kings named James * Saint James (other) * James (musician) * James, brother of Jesus Places Canada * James Bay, a large body of water * James, Ontario United Kingdom * James College, a college of the University of York United States * James, Georgia, an unincorporated community * James, Iowa, an unincorporated community * James City, North Carolina * James City County, Virginia ** James City (Virginia Company) ** James City Shire * James City, Pennsylvania * St. James City, Florida Arts, entertainment, and media * ''James'' (2005 film), a Bollywood film * ''James'' (2008 film), an Irish short film * ''James'' (2022 film), an Indian Kannada-language film * James the Red Engine, a character in ''Thomas the Tank En ...
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Martin Van Buren
Martin Van Buren ( ; nl, Maarten van Buren; ; December 5, 1782 – July 24, 1862) was an American lawyer and statesman who served as the eighth president of the United States from 1837 to 1841. A primary founder of the Democratic Party (United States), Democratic Party, he served as New York (state), New York's Attorney General of New York, attorney general, U.S. Senator, U.S. senator, then briefly as the ninth governor of New York before joining Andrew Jackson's administration as the tenth United States secretary of state, minister to the United Kingdom, and ultimately the eighth vice president of the United States when 1832 Democratic National Convention, named Jackson's running mate for the 1832 United States presidential election, 1832 election. Van Buren won the presidency in 1836 United States presidential election, 1836, lost re-election in 1840, and failed to win the Democratic nomination in 1844. Later in his life, Van Buren emerged as an Politician, elder statesman ...
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History Of The Democratic Party (United States)
The Democratic Party is one of the two major political parties of the United States political system and the oldest existing political party in that country founded in the 1830s and 1840s. It is also the oldest voter-based political party in the world. The party has changed significantly during its nearly two centuries of existence. Known as the party of the "common man," the early Democratic Party stood for individual rights and state sovereignty, and opposed banks and high tariffs. In the first decades of its existence, from 1832 to the mid-1850s (known as the Second Party System), under Presidents Andrew Jackson, Martin Van Buren and James K. Polk, the Democrats usually bested the opposition Whig Party by narrow margins. Before the American Civil War the party supported or tolerated slavery; and after the war until the Great Depression the party opposed civil rights reforms in order to retain the support of Southern voters. During this second period (1865-1932), the ...
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Daniel Webster
Daniel Webster (January 18, 1782 – October 24, 1852) was an American lawyer and statesman who represented New Hampshire and Massachusetts in the U.S. Congress and served as the U.S. Secretary of State under Presidents William Henry Harrison, John Tyler, and Millard Fillmore. Webster was one of the most prominent American lawyers of the 19th century, and argued over 200 cases before the U.S. Supreme Court between 1814 and his death in 1852. During his life, he was a member of the Federalist Party, the National Republican Party, and the Whig Party. Born in New Hampshire in 1782, Webster established a successful legal practice in Portsmouth, New Hampshire, after graduating from Dartmouth College and undergoing a legal apprenticeship. He emerged as a prominent opponent of the War of 1812 and won election to the United States House of Representatives, where he served as a leader of the Federalist Party. Webster left office after two terms and relocated to Boston, Massachusetts. H ...
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Infrastructure
Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, tunnels, water supply, sewerage, sewers, electrical grids, and telecommunications (including Internet access, Internet connectivity and Broadband, broadband access). In general, infrastructure has been defined as "the physical components of interrelated systems providing Commodity, commodities and services essential to enable, sustain, or enhance societal quality of life, living conditions" and maintain the surrounding environment. Especially in light of the massive societal transformations needed to Climate change mitigation, mitigate and Climate change adaptation, adapt to climate change, contemporary infrastructure conversations frequently focus on sustainable development and gre ...
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Sovereign Credit
Sovereign credit is the Credit (finance), credit of a sovereign country backed by the financial resources of that state. Sovereign credit is the opposite of sovereign debt. Fiat money is sovereign credit and sovereign bonds are sovereign debts. When money buys bonds, sovereign credit cancels sovereign debt. See also * Sovereignty * Debt * Government debt External linksLiberating Sovereign Credit for Domestic Development
Public finance Monetary reform {{econ-policy-stub ...
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Central Bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ...
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Dallas Tariff
The Tariff of 1816, also known as the Dallas Tariff, is notable as the first tariff passed by Congress with an explicit function of protecting U.S. manufactured items from overseas competition. Prior to the War of 1812, tariffs had primarily served to raise revenues to operate the national government. Another unique aspect of the tariff was the strong support it received from Southern states. The bill was conceived as part of a solution to the purely domestic matter of avoiding a projected federal deficit reported by Secretary of the Treasury Alexander J. Dallas. International developments added key facts to the debate; in 1816 there was widespread concern among Americans that war with Great Britain might be rekindled over economic and territorial issues. A tariff on manufactured goods, including war industry products, was deemed essential in the interests of national defense. The tariff was approved on April 27, 1816, as a temporary measure, authorized for only three years ( ...
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Maysville Road Veto
The Maysville Road veto occurred on May 27, 1830, when United States President Andrew Jackson vetoed a bill that would allow the federal government to purchase stock in the Maysville, Washington, Paris, and Lexington Turnpike Road Company, which had been organized to construct a road linking Lexington, Kentucky, to Maysville, Kentucky, Maysville on the Ohio River (Maysville being located approximately 66 miles/106 km northeast of Lexington), the entirety of which would be in the state of Kentucky. Its advocates regarded it as a part of the national Cumberland Road system. Congress passed a bill in 1830 providing federal funds to complete the project. Jackson vetoed the bill on the grounds that federal funding of intrastate projects of this nature was unconstitutional. He declared that such bills violated the principle that the federal government should not be involved in local economic affairs. Jackson also pointed out that funding for these kinds of projects interfered with payi ...
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