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Question
the american system promoted which of the following? (choose the three answers that apply.)
a the establishment of a national bank to centralize currency and the requirement of states to back their currency with gold.
b the creation of a standing military ready to defend the nation from adversaries.
c an investment in infrastructure with new transportation routes that improved time, efficiency, and were cost-effective.
d the promotion of protective tariffs to ensure that newly developing industries would survive.
e the promotion and participation in an interdependent trade network across the globe.
The American System, an economic plan from the early 19th century, had three core pillars: a national bank to standardize currency and manage finances, protective tariffs to shield domestic industries from foreign competition, and federal investment in infrastructure (like roads and canals) to improve domestic trade and connectivity.
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A. The establishment of a national bank to centralize currency and the requirement of states to back their currency with gold.
C. An investment in infrastructure with new transportation routes that improved time, efficiency, and were cost-effective.
D. The promotion of protective tariffs to ensure that newly developing industries would survive.