Economic Improvements In The 1700s And 1800s

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The 1700s and 1800s bought big changes for the United States. The United States became stronger due to economic improvements, the War of 1812 and the westward movements. Part of the reason that the United States became stronger is because of economic improvements. These economic improvements include: the National Bank, the American System, and The First Industrial Revolution. When Alexander Hamilton called 8jmfor a Bank of the United States, he imagined a central bank that would strengthen the national economy. This would allow for the growth in business without relying on exports to increase money. Hamilton argued that the bank would strengthen the government by lending money. The First Bank of the United States brought more strength to the United States’ money and expanded the economy more than what was expected. Many congressmen claimed that the bank was unconstitutional and supported the North over the South. In 1811, they rejected to restate the charter of the First Bank of the United States. In 1828, Andrew Jackson was elected president and was seeking change because he was frustrated with the central bank. He lost everything during the market expansion and blamed the banking system for his financial problems. President Jackson declared war on the Second Bank in 1829. Congress struggled with the issue of the national government's encouraging economic development. Henry Clay made an approach that was called the American System. It consisted of: a duty to protect the
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