2.  National Bank
 Protective Tariff
 Improved Infrastructure

3.  2nd Bank of the U.S. chartered in 1816 for 20
years
 Promote single currency
 Easier trade

4.  20-25% tax on imported goods
 Protect nation from foreign competition
 Manufacturing would flourish
 Dallas Tariff in 1816
 European goods more expensive

5.  Funded from protective tariff
 New ways of transportation
 Goods flowed in opposite directions
 Canals, railroads, and roads

6.  Supported by the Whig Party
 Henry Clay and Daniel Webster
 Opposed by the Democratic Party
 Andrew Jackson, Martin Van Buren, James K.
Polk, Franklin Pierce, and James Buchanan
 Unconstitutional

7.  First to call it the American System
 Originally “The American Way” in Hamilton’s “American School”
 The West should support system
 Urban factory workers would consume western foods
 The South should also support system
 Ready cotton markets in the North.

8.  South never jumped on board
 Had access to plenty of cotton markets
 Never adequately funded
 Improvements like Erie Canal and
Cumberland Road
 Used again by Lincoln Administration