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How Did The National Republicans Affect The Creation Of The Market Economy?

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The National Republicans were a political party created after the Election of 1824. Although John Quincy Adams lost to Andrew Jackson in the Election of 1828 the party opposed to Jackson was the National Republican Party, or Anti-Jacksonians created and run by Henry Clay. It had a nationalistic outlook, and wanted to use national resources to build a strong economy. Its platform was a system of nationally financed internal improvements and a protective tariff, which would promote faster economic development. The National Republicans were significant in that they were the opposition party to the Democrats and Andrew Jackson, but also, with their strong economical policies and ideas, fostered the creation of the Market Economy.

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