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Monday, August 9, 2010

Henry Clay Elected to Congress September 4

Henry Clay of Kentucky was elected to Congress on 1812, September 4. Alexander Hamilton, Henry Clay, and Matthew Carey can be considered the founding fathers of American manufacturing. They believed the government was responsible for creating an economic environment for manufacturing. Clay in 1825 introduced his “American System,” which stated that no political system could last without a government backed economic foundation. Clay argued for a system of protective tariffs to promote manufacturing, government investment in manufacturing infrastructure, and government backed banking and capital for manufacturing. Henry Clay would be a force in manufacturing politics until his death in 1852, and the founder of the Whig Party, which would dominate future manufacturing centers of Western Pennsylvania, Ohio, Illinois, and New England. Clay’s “American System” would be the basis of American manufacturing dominance for over hundred years.

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