Thirteen Colonies United Country To Transcontinental Nation
- Pages: 1
- Word count: 224
- Category: Country Revolution
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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 industryÍľ a national bank to foster commerceÍľ 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.