The term "American System" was coined by Kentucky statesman Henry Clay, with foundations laid out by Alexander Hamilton. This system dominated our economic policies from the time of the American Civil War until mid-twentieth century.
The American System consists of these three core policies:
1. Protecting American industry and jobs through selective tariffs: Protectionism, NOT Free-trade. Fair Trade based to support the local economy.
2. Encourage government investments in infrastructure creating targeted internal improvements, especially in transportation.
3. A national bank policy that promotes the growth of productive enterprises. Not to institute bailouts or a "Federal Reserve" to support corporate banking interests.
Champions of American System policies include Presidents Quincy Adams, Lincoln, Harrison, Franklin Roosevelt and Kennedy, as well as many other economists and leaders.
Can you identify all 4 portraits? (send to: pappajohn15@gmail.com)
