Can you help me understand the Whig party and their significance?

The Whigs, along with the Democrats(their rivals), were the two main political parties from 1828 until around 1854. They favored high tariffs, the building up of infrastructure(Henry Clay’s “American System”), and wanted to have a National Bank. They were strongest in the Northeast, where industry was centered. Henry Clay, Daniel Webster, and Zachary Taylor were the most prominent members of the party. After 1854, they collapsed because of tensions between the Northern and Southern Whigs.

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