The "American System"

A) called for the abolition of tariffs because they violated free trade principles.
B) made national banks illegal.
C) proposed providing federal financing of internal improvements, such as roads and canals.
D) was based on the idea that the government should not be involved in economic development.
E) was opposed by President James Madison.

Federal Financing

The process by which the federal government provides funds to support various programs, projects, and initiatives.

Internal Improvements

Internal improvements refer to public works and infrastructure projects, such as roads, canals, and railroads, financed and constructed by the government to facilitate commerce and communication within a country.

American System

An economic plan advocated by Henry Clay in the early 19th century, emphasizing support for a national bank, high tariffs, and internal improvements to foster national economic growth.