AMERICAN SCHOOL OF ECONOMICS

Jul 18th, 2016
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Q1. Contributions of the American school of economicsThe American School of Economics has been the foundation of EconomicNationalism for nearly 200 years of the United States existence up until the last severaldecades. The American School, also known as the National System, was the legacy ofFounding Father Alexander Hamilton The first Secretary of the Treasury under PresidentGeorge Washington.Some famous adherents to the American School of Economics included FounderAlexander Hamilton (& the Federalist Party), Senator Henry Clay (& the WhigParty), Presidents John Q. Adams, Abraham Lincoln, William McKinley, and TheodoreRoosevelt (it was the key economic philosophy of the early Republican Party), and worldfamous economists such as Friedrich List, Henry Carey, etc.The School of Economics established a working model for a successful MixedEconomy, producing the greatest economic superpower in the world. The American Schoolof Economics consists of 5 core features;1.2.3.4.5.Protecting and supporting American manufacturing (via tariffs, etc.),Investment in national infrastructure,Creating beneficial financial infrastructure (national bank, etc.),Investment and development in science and public education, andPromoting a harmony of interest where all Americans benefit from economicgrowth.The School is rarely touched upon anymore and has largely been forgotten (somewould say concealed away) since its abandonment in the 1970s in favor of fre

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