Key Components Of The American System

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The American System was based on a vision that the federal government should encourage economic enterprise (Schultz, 2013). The young Democratic-Republicans, which were a surprising source, believed this could be accomplished in three ways. One way was by creating roads and canals, collectively called internal improvements. Another key component of the American System was by developing secure economic institutions, such as banks. The third way was by providing for the security of America's economic interest through high tariffs. The American System came with some opposition. Some southerners felt it was way to take taxes from wealthy cotton planters and give the money to northern and western business interests (Schultz, 2013). Others were