Asked by Hannah Fisher on Jun 26, 2024

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Which of the following best describes the "American System"?

A) A series of laws promoting good citizenship
B) A series of laws promoting only transportation advancements
C) A series of laws encouraging domestic economic development
D) A series of laws encouraging foreign economic development

American System

An economic plan in the early 19th century advocating for high tariffs, a national bank, and internal improvements to develop the U.S. economy and reduce reliance on imports.

Domestic Economic Development

The process of fostering economic growth and improving economic health within a country, often involving investments in infrastructure, industry, and human capital.

Foreign Economic Development

The process of stimulating economic growth and development in developing countries through international aid, investment, and policy support.

  • Describe the "American System" and its influence on domestic economic policies.
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Malhi BeltranJun 26, 2024
Final Answer :
C
Explanation :
The "American System" refers to a series of measures enacted to stimulate the economy of the United States through protective tariffs, a national bank, and internal improvements, particularly in transportation infrastructure. It was designed to encourage domestic economic development.