4x Why was the reestablishment of a National Bank and important part of Henry Clay's American System? A The National Bank would issue federal income taxes on the wealthy. B The National Bank would regulate interstate commerce and create bills raising revenue. C The National Bank would have the power to negotiate economic treaties with foreign nations. D The National Bank would deliver national currency and serve as a collection body for federal funds.

## Step 1<br />The question is asking about the importance of the reestablishment of a National Bank as part of Henry Clay's American System. The American System was a plan to strengthen and unify the nation. It had three main parts: a tariff to support internal improvements, a national bank, and federal subsidies for roads, canals, and other "internal improvements".<br /><br />## Step 2<br />Option A suggests that the National Bank would issue federal income taxes on the wealthy. This is not accurate because the National Bank's primary function was not to issue taxes.<br /><br />## Step 3<br />Option B suggests that the National Bank would regulate interstate commerce and create bills raising revenue. While the National Bank did play a role in regulating commerce, it was not the primary function of the bank.<br /><br />## Step 4<br />Option C suggests that the National Bank would have the power to negotiate economic treaties with foreign nations. This is not accurate because the National Bank did not have the power to negotiate treaties.<br /><br />## Step 5<br />Option D suggests that the National Bank would deliver national currency and serve as a collection body for federal funds. This is accurate because the National Bank to provide a uniform currency and to serve as a depository for federal funds.