Question

In Henry Clay's "American System," how would new transportation networks to link the Midwest and North be financed?
Responses
A income taxesincome taxes
B excises taxesexcises taxes
C protective tariffsprotective tariffs
D international loans

Answer 1

In Henry Clay's "American System," new transportation networks to link the Midwest and North would primarily be financed through **C) protective tariffs**. The idea was that the revenue generated from tariffs on imported goods would be used to fund internal improvements such as roads, canals, and railways. Clay believed that these transportation projects would facilitate commerce and strengthen the economy across different regions of the country.