Nationalism Unites the Country!

This plan was to make the U.S. more economically self sufficient.  Madison’s plan had 3 points.

1. Establish a protective tariff.  Tax on imported goods that protects the nation’s goods against foreign competition.

2. Establish a National Bank.  Promote a single currency.  Make trade easier.  1816 Congress created the Second Bank of the U.S.

3. Improve country’s transportation system.

Election of 1816-Dem/Rep- faced NO competition. Dem/Rep James Monroe wins the Presidency!

U.S. enters a time period known as  Era of Good Feelings!