Question
Review Ideas , Terms, and People 1. a. Describe How did national interests shape the policies related to regiona commerce in the American System?
Answer
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Charlie
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Answer
National interests heavily influenced the policies related to regional commerce in the American System. The goal of these policies was to unify and strengthen the American economy nationally. To achieve this, the government implemented a series of measures: First, a new national bank was established in 1816 to stabilize and control the nation's money supply and to provide credit. Second, a high tariff was imposed protect the burgeoning industries in the North from foreign competition. Lastly, revenue generated from tariffs was used to build infrastructure such as roads and canals to help ease the transactions in regional commerce. Despite regional differences and varying beliefs, the authorities motivated by a collective national interest aimed to develop initiatives that encouraged shared economic prosperity and unity. Such policies greatly promoted regional commerce and subsequently lead to national economic development.
Explanation
This question is asking the reader to describe how national interests influenced policies related to regional commerce in the American System; therefore, it requires an in-depth understanding of U.S history, particularly during the period when the American System was developed and implemented. The American System was a plan proposed by former U.S. Speaker of the House Henry Clay to advance and protect the country. Its aim was to develop economic growth within the nation. The reason behind the idea was to increase the economy nationally and not each state individually, promoting the prosperity nationally and protecting it. In order to achieve this, various policies related to regional commerce were created based on national goals and ambitions such as large scale infrastructure project, standardized currency system and protection tariffs to promote domestic goods.Given this framing, the student would need to explore commerce policies during this period and evaluate how the national interests and objectives led to adopting those commerce rules and regulations in that different parts and regions in United States and how they were shaped under the umbrella of these national interests.