Era of good feelings


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Era of good feelings

  1. 1. the era of good feelings<br />
  2. 2. ECONOMIC NATIONALISM<br />In the period after the War of 1812, America experienced economic prosperity= prestige for the national government<br />Democratic Republicans will work to strengthen the federal government-<br />Consider this…<br />“The Republicans have out-Federalized Federalism”<br />
  3. 3. The Bank of the United States<br />1811: The charter for the first national bank expired<br />State chartered banks thrived but with little or no regulation- bank notes had uncertain value & couldn’t trade them for gold<br />Although it was again controversial, in 1816 Congress chartered the Second Bank of America (located in Philadelphia)<br />
  4. 4. Protective Tariffs<br />Peace after the War of 1812 brought with it a flood of cheap British goods<br />American manufacturers wanted tariffs to protect young American industries<br />Protected the self-interest of manufactures <br />Desire to have economic independence from Britain<br />Tariff of 1816 was intended to protect industry against foreign competition rather than raise revenue<br />
  5. 5. Internal Improvements<br />The War of 1812 showed America needed internal improvements= building roads & developing water transportation<br />1815: Construction of the National Road (1st federally financed interstate) began & stretched from the Atlantic Coast into Ohio<br />Building roads was controversial so it remained the responsibility of states/ private enterprise for 100 years<br />Improvements in transportation & communication are the beginnings of the industrial revolution<br />
  6. 6. Era of Good Feelings<br />Madison’s Secretary of state, James <br />Monroe wins the election of 1816<br />Sec of State: John Quincy Adams<br />Sec of Treasury: William Crawford<br />Sec of War: John Calhoun<br />Monroe was a true Republican and never full embraced the economic nationalism that characterized the era after the War of 1812<br />He encouraged an amendment to repair the National Road rather than allowing Congress to pass an act<br />
  7. 7. The End to the Era of Good Feelings<br />Problems in Florida<br />Calhoun sent General Andrew Jackson to pursue Indians into the Spanish territory<br />Jackson took a Spanish post and hanged two of their leaders without a trial<br />This angered Spain but eventually they would agree to the Transcontinental Treaty which ceded Florida to the U.S. in return for assumption of Spanish debt to American merchants<br />They also set the western boundary of the Louisiana Purchase at the Sabine River in Texas<br />
  8. 8. The Panic of 1819<br />Cause: the sudden collapse of American cotton prices in the English market<br />Effect: <br />the price collapse set off a decline in the demand for other American goods<br />Langdon Cleves (the new director of the Bank of America) cleaned up the practices of the national bank and put pressure on state banks to do the same<br />
  9. 9. Missouri Compromise<br />1819: Missouri requested statehood<br />America had an equal number of free and slave states<br />New York congressman, James Tallmadge Jr., asked for a resolution prohibiting the further introduction of slaves into Missouri<br />The House passed it but the Senate rejected it<br />A crisis was avoided when Maine asked for statehood= Missouri would be a slave state & Maine a free one<br />An agreement to exclude slavery in the northern portion of the Louisiana Purchase was made<br />
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  11. 11. Judicial Nationalism<br />The Chief Justice of the Supreme<br /> Court, John Marshall will strengthen the power of the Federal government<br />Dartmouth College v Woodward: expanded the definition of contract & placed private corporations beyond the reach of the state that granted the charter<br />McCulloch v Maryland: upheld the “implied powers” of Congress to charter the Bank of America and denied the state’s right to tax it<br />Gibbons v Ogden: granted the federal government supremacy in regulating interstate commerce<br />
  12. 12. The Monroe Doctrine<br />In Monroe’s annual message to Congress in 1823, he set out four major points that would later become the Monroe Doctrine<br />The American continents were closed to further colonization by European powers<br />Any attempts by European powers to extend their political systems to the Western Hemisphere would be a threat to American safety<br />The US would not interfere with existing European colonies<br />The US would stay out of the internal affairs of European nations<br />
  13. 13. Election of 1824<br />Four viable Republican candidates :<br />Henry Clay- supported the American System (national bank, protective tariffs, internal improvements)<br />John Quincy Adams- supported internal improvements but not tariffs<br />William Crawford- supported states’ rights & strict construction of the Constitution<br />Andrew Jackson- tried to avoid commitment to major issues<br />
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  15. 15. The Corrupt Bargain<br />There was no clear winner by the <br />electoral college or the popular vote- <br />although Jackson received the most votes in both<br />The decision fell to the House of Representatives where Henry Clay was the Speaker<br />Clay supported John Quincy Adams and so the House chose him to become the next president<br />There is no proof that Adams made a deal with the Speaker, but Clay would become Adams’ secretary of state, a job the last 3 presidents held before becoming the chief executive<br />