American System-1815

The American System, originally called "The American Way", was a mercantilist economic plan that played a prominent role in American policy during the first half of the 19th century. The plan consisted of three mutually reinforcing parts: a tariff to protect and promote American industry; a national bank to foster commerce; and federal subsidies for roads, canals, and other 'internal improvements' to develop profitable markets for agriculture. Congressman Henry Clay was the plan's foremost proponent and the first to refer to it as the “American System”. This plan is an excellent example of nationalism in our nation's history. In the aftermath of the War of 1812, the Era of Good Feeling was formed and the moral of the United States was high. Although there was some animosity between political parties, this American System really brought the country together. It created a more firm economic foundation, and with financial stability comes national stability. Although Clay never won presidency (after several tries) he made a huge impact in the self esteem of the nation.