Asked by Hannah Fisher on Jun 26, 2024
Verified
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.
Verified Answer
Learning Objectives
- Describe the "American System" and its influence on domestic economic policies.
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