renard_ruse
Break up Amazon
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The American School, also known as the "National System", represents three different yet related constructs in politics, policy and philosophy.
It was the American policy from the 1860s to the 1970s, waxing and waning in actual degrees and details of implementation. Historian Michael Lind describes it as a coherent applied economic philosophy with logical and conceptual relationships with other economic ideas.
It is the macroeconomic philosophy that dominated United States national policies from the time of the American Civil War until the mid-twentieth century. Closely related to mercantilism, it can be seen as contrary to classical economics.
It consisted of these three core policies:
1.protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–70)
2.government investments in infrastructure creating targeted internal improvements (especially in transportation)
3.a national bank with policies that promote the growth of productive enterprises rather than speculation.
It is a capitalist economic school based on the Hamiltonian economic program. The American School of capitalism was intended to allow the United States to become economically independent and nationally self-sufficient.
https://en.wikipedia.org/wiki/American_School_(economics)
It was the American policy from the 1860s to the 1970s, waxing and waning in actual degrees and details of implementation. Historian Michael Lind describes it as a coherent applied economic philosophy with logical and conceptual relationships with other economic ideas.
It is the macroeconomic philosophy that dominated United States national policies from the time of the American Civil War until the mid-twentieth century. Closely related to mercantilism, it can be seen as contrary to classical economics.
It consisted of these three core policies:
1.protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–70)
2.government investments in infrastructure creating targeted internal improvements (especially in transportation)
3.a national bank with policies that promote the growth of productive enterprises rather than speculation.
It is a capitalist economic school based on the Hamiltonian economic program. The American School of capitalism was intended to allow the United States to become economically independent and nationally self-sufficient.
https://en.wikipedia.org/wiki/American_School_(economics)
