era of good feelings (1816 – 1824). war of 1812 - “second war for independence” - economic...
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Era of Good Feelings(1816 – 1824)
WAR OF 1812
- “Second War for Independence”
- Economic Transformations- Local Economy to National Market
- “Economic Nationalism”
- Westward Expansion
- End of Federalist Party2
PRESIDENTIAL ELECTIONS(1796 - 1820)
3
POLITICAL QUESTIONS
- National or local economic policies?
- National or local transportation networks?
- Expansion of slavery into w. territories?
4
EMBARGO? EMBARG-YES!
Embargo has “unexpected effect”
Manufacturing Factories (N.E.) Inventions/Patents Food shortages in Euro.
post-wars
“balanced economy of farming, commerce,
and manufacturing” 5
TRINITY OF ECONOMIC NATIONALISM
1.) Protective Tariffs (Industry)2.) Internal Improvements3.) 2nd Bank of the US
6
HENRY CLAY'S AMERICAN SYSTEM
• Henry Clay, KY (Speaker of House)
• 1st Bank charter expired 1811• Inflation • Deregulation • Distrust of paper $$
• Charter for 2nd Bank (1816)
2ND US BANK
Revenue deposits
Stabilize dollar
Regulate currency
20 year charter(1836)
Boston Philadelphia
8
LANCASTER TURNPIKE (1790)
9
CUMBERLAND ROAD (1811)
10
ERIE CANAL (1817)
• Major accomplishment under American System• Funded by the state of New York • 364 mile man-made waterway connecting the
Great Lakes to NYC
ERIE CANAL SYSTEM
12
MAJOR CANAL SYSTEMS C. 1840
13
PROTECTIVE TARIFFS
• Tariff of 1816• Protect US industry• NE & W. support, S. oppose• “Strict Constructionism”
• Sectional Issue; based on economy of each region
• NE: Manufacturing, Wool, Processing• W : Farming, Hemp• S : Merchants, Plantations
HOW A TARIFF WORKS
1515
NEW ENGLAND TEXTILE MILLSC. 1830
16
US TEXILE MILLS C. 1840
17
LOWELL BOARDING HOUSE C. 1820
18
EFFECTS OF AMERICAN SYSTEM
• Road/Bridge construction• Transportation networks• Selling of public lands for
profit; $$ goes into US Bank• Tax deposits for standing
Army/Navy• Increases in interstate
trade• US Bank stabilizes
currency; dollar becomes more valuable
JUDICIAL NATIONALISM
- Fletcher v. Peck (1810)
- Dartmouth v. Woodward (1819)
- McCulloch v. Maryland (1819)
- Gibbons v. Ogden (1824)
20
ELECTION OF MONROE (1816)
- “Virginia Dynasty”- Did not keep up with nationalism- Minor set-backs- “Ablest Cabinet”
- Panic of 1819- Mini depression- Factions emerge in DRs- Sectionalism increases; arguments over tariffs and American System
21
ELECTION OF 1820
- No Federalist Candidate- Monroe wins re-election easily
22
DIPLOMATIC NATIONALISM
- Treaty of Ghent (1815)- End War of 1812- Resume trade
- Joint occupation of Great Lakes
- Rush-Bagot Treaty (1818) - Demilitarize border - Military restrictions on
Great Lakes
- Improved relations w/ Britain 23
DIPLOMATIC NATIONALISM
- Convention of 1818 (duh!)- Fishing
- Oregon
- 49th Parallell
- Lake of the Woods
- Adams-Onis Treaty (1819)- W. border w/ Spain
- Access to Pacific Ocean
- Purchase of Florida
24
BORDER NEGOTIATIONS
2525
JACKSON TAKES FLORIDA (1819)
- Border problems (Indian attacks)
- Monroe to Jackson: Stop border raids
- Jackson invades Florida;Spain surrenders
- Jackson annexes territory to US
- Monroe is furious!
MISSOURI COMPROMISE (1820)
• Expansion of slavery to W.
• Missouri petitions to enter US in 1819
• Apply as slave state
• Problem??? Slaves states will now outnumber free states
• North outraged; blocks petition
MISSOURI COMPROMISE (1820)
• LET'S MAKE A DEAL!!!!!
• Henry Clay called upon to make a compromise
• Terms of Missouri Comprise:
1.) Missouri is admitted as a slave state
2.) Maine is admitted as a free state
3.) Slavery is prohibited in Louisiana Territory north of Missouri
MONROE DOCTRINE (1820)MONROE DOCTRINE (1820)
• Post-War President• No major accomplishments• Goal: end European
colonization in Americas• Enhances & creates a new
national identity• Curb sectionalism with
nationalism• Bluff by Monroe
MONROE DOCTRINE (1820)
31