Bank Quote by Abraham Lincoln
“I am in favor of a national bank...in favor of the internal improvements system and a high protective tariff.”
About This Quote
Source Speech: Congressional Address, Abraham Lincoln, 1864
A national bank, internal improvements, and protective tariffs support economic stability and growth.
In simple terms: Government investment boosts prosperity.
Key Takeaway
Support infrastructure and fair trade.
Themes
economics
policy
national development
Mood
historical
political
Type
policy
economic
When to use this quote
- political debate
- budget planning
- public works
Key Concepts
Fiscal policy
industrialization
trade protectionism
Questions to Reflect On
- How do tariffs affect consumers?
- What role should government play in infrastructure?
A Different Perspective
May limit free market flexibility.
![“What I am anxious to do is to get the best bill possible with the least amount of friction… I wish to avoid [splitting our party]. I shall do all in my power to retain the corporation tax as it is now and also force a reduction of the [tariff] schedules. It is only when all other efforts fail that…” quote by William Howard Taft](https://sms4smile.com/quotes/img-quotes/07b/william-howard-taft-3006_amount_what-i-am-anxious-to-do-is-to-get-the-be_41279.jpg)
![“Next came the Patent laws. These began in England in 1624; and, in this country, with the adoption of our constitution. Before then [these?], any man might instantly use what another had invented; so that the inventor had no special advantage from his own invention. The patent system changed this…” quote by Abraham Lincoln](https://sms4smile.com/quotes/img-quotes/449/abraham-lincoln-88_adoption_next-came-the-patent-laws-these-began-in_1828.jpg)
