Ask Question
16 July, 20:37

The American System promoted which of the following? (Choose all answers that apply.)

The establishment of a national bank to centralize currency and the requirement of states to back their currency with gold.

The creation of a standing military ready to defend the nation from adversaries.

An investment in infrastructure with new transportation routes that improved time, efficiency, and were cost-effective.

The promotion of protective tariffs to ensure that newly developing industries would survive.

The promotion and participation in an interdependent trade network across the globe.

A reach out program to the British asking for allied support as a new and independent nation.

+5
Answers (1)
  1. 16 July, 21:45
    0
    The correct answers are: A, C and D.

    The 'American System' was a government-sponsored program to harmonize and balance the nation's agriculture, commerce and industry following the war of 1812.

    The system consisted of three mutually reinforcing parts:

    - the establishment of a national bank to foster commerce. The bank would promote a single currency to make trade easier,

    - federal subsidies for roads, canals and other means of transport to improve the overall efficiency of infrastructure,

    - the promotion of protective tariffs to protect America industries and generate revenue for the federal government. The tariffs were a 20% to 25% tax on imported goods to protect the businesses from foreign competition.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The American System promoted which of the following? (Choose all answers that apply.) The establishment of a national bank to centralize ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers