chandranewlon
13.10.2020 •
History
Why does the speaker think that the Articles of
Confederation could help the country?
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Ответ:
Economic improvements helped the transformation into a transcontinental nation in a big way. The ways were the use of the National Bank and the American System, as well as the First Industrial Revolution. The National Bank was proposed by, then Treasurer, Alexander Hamilton. The National Bank would control government finances. It would also "performed the basic banking functions of accepting deposits, issuing bank notes, making loans and purchasing securities." (National Bank History). The American System is "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." (Senate Historical Office). The American System became a main focus in the Whig Party opposition against Andrew Jackson. The First Industrial Revolution greatly helped the transformation. When Samuel Slater brought his ideas from Britain the idea of the cotton mill was thought of and built in Massachusetts.