Monroe Presidency

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Monroe Presidency

  1. 1. Monroe Presidency 1817-1825 AP U.S. History
  2. 2. Election of 1816 <ul><li>Only one electoral vote opposed-represented unity-Era of Good Feelings </li></ul><ul><li>Years following War of 1812 were characterized by a high foreign demand for American cotton, grain, and tobacco. Economy flourished! </li></ul><ul><li>Second National Bank </li></ul><ul><ul><li>Liberal credit policies </li></ul></ul><ul><ul><li>Inflation caused prices to increase </li></ul></ul>
  3. 3. Depression of 1819 <ul><li>Inventories of British manufactured goods built up during the war, English merchants dumped goods on American market at cheap prices. </li></ul><ul><li>American manufacturers suffered. </li></ul><ul><li>Bank tried to tighten credit, slump occurred. </li></ul><ul><li>Most severe because of speculation in the West. </li></ul>
  4. 4. Marshall Court <ul><li>Marbury vs. Madison </li></ul><ul><li>Fletcher v. Peck- state law voided as a result of corruption in the Yazoo land claim. </li></ul><ul><li>Dartmouth College v. Woodward- limited state governments to control corporations. </li></ul><ul><li>McCulloch v. Maryland- States do not have the power to tax federal institutions. </li></ul><ul><li>Gibbons v. Ogden- only congress has the right to regulate commerce. </li></ul>
  5. 5. Missouri Compromise 1820 <ul><li>Missouri Territory first to be organized from Louisiana purchase. </li></ul><ul><li>Senate was divided between slave-holding and free states. </li></ul><ul><li>Slavery already established in new territory. </li></ul><ul><li>Representative Tallmadge of NY proposed an amendment which would prohibit slavery in Missouri. </li></ul><ul><li>Southern outcry was immediate, ensuing debate grew hotter! Senate becomes dead locked. </li></ul>
  6. 6. Henry Clay's Compromise Solution <ul><li>Northern territory of Massachusetts applied as the state of Maine. </li></ul><ul><ul><li>Offered a way out of the dilemma, Clay develops plan to favor both sides. </li></ul></ul><ul><li>Prohibit slavery in the remainder of the Louisiana Territory, north of the southern boundary of Missouri. Became law. </li></ul><ul><li>Showed deep division of the country. </li></ul>

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