... -federalist program of protective tariffs, international improvements, and a national bank. He called his program the American System, arguing that it would foster notional economic growth and a salutary interdependence between geographical sections, thus a happy and healthy republic. Some of the opponents were as follows: With no discussions Congress chartered the Bank of the United States as the sole banking institution empowered to do business throughout the country. Notes issued ... by the Bank would be the first semblance of a national currency. The Tariff of 1816 raised tariffs an ...

• Word Count: 404
• Approx Pages: 2
• Grade Level: Undergraduate