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| Henry Clay developed a plan for profitable home markets called the American System in 1824. It enforced a protective tariff to get funding for transportation improvements. These improvements would be the construction of better roads and canals. This would allow industrialization to prosper since the raw materials of the South and West could easily and inexpensively get to the North and East to be manufactured. The manufactured goods could then be shipped back out to the South and West. | |||
| '''Internal improvements''' was the preferred term, as used by proponents of the ] of economics such as ] and ], for discussion of government-supported ] or ]. The term was used in connection with such projects as the ], the ], and the ]. | |||
Revision as of 03:55, 23 October 2005
Henry Clay developed a plan for profitable home markets called the American System in 1824. It enforced a protective tariff to get funding for transportation improvements. These improvements would be the construction of better roads and canals. This would allow industrialization to prosper since the raw materials of the South and West could easily and inexpensively get to the North and East to be manufactured. The manufactured goods could then be shipped back out to the South and West.