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Which is a cardinal policy of the American System? Group of answer choices Support industry: Advocated for protectionism and opposition to free trade, particularly for
Which is a cardinal policy of the American System? Group of answer choices Support industry: Advocated for protectionism and opposition to free trade, particularly for the protection of "infant industries" and those facing import competition from abroad; policy examples include the Tariff of 1816 and the Morrill Tariff. Create physical infrastructure: Provided government finance of internal improvements to speed commerce and develop industry, which involved the regulation of privately held infrastructure to ensure that it met the nation's needs; policy examples include Cumberland Road and Union Pacific Railroad. Create financial infrastructure: Established a government-sponsored National Bank to issue currency and encourage commerce, which involved the use of sovereign powers for the regulation of credit to encourage the development of the economy and deter speculation; policy examples include the First Bank of the United States, the Second Bank of the United States, and the National Banking Act. All answers are correct
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