After the War of 1812, during the Era of Good Feelings, national unity was heavily encouraged within America. James Monroe, elected President of the United States in 1816, agreed to this idea, resulting in the creation of the American System. Often identified with Henry Clay, Speaker of the House of Representatives, the American System was a program of national economic development. In the past, under the presidency of Jefferson, the United States was revolved around agrarianism. However, Monroe and Madison supported a Federalist program for economic development. Originally proposed by Alexander Hamilton, ideas such as the chartering of a national bank, a tariff imposed on imported goods to protect American manufacturers,
After the War of 1812, during the Era of Good Feelings, national unity was heavily encouraged within America. James Monroe, elected President of the United States in 1816, agreed to this idea, resulting in the creation of the American System. Often identified with Henry Clay, Speaker of the House of Representatives, the American System was a program of national economic development. In the past, under the presidency of Jefferson, the United States was revolved around agrarianism. However, Monroe and Madison supported a Federalist program for economic development. Originally proposed by Alexander Hamilton, ideas such as the chartering of a national bank, a tariff imposed on imported goods to protect American manufacturers,