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In Henry Clay's "American System," how would new transportation networks to link the Midwest and North be financed?
A) income taxes
B) excises taxes
C) protective tariffs
D) international loans

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Answer:

Correct answer is "c"

Explanation:

In the American System, the federal government would create a protective tariffs and internal development to support the transportation projects. It would involve the national bank owned by private stockholders, the federal government, and the federal subsidies.

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