The Era of Good Feelings

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THE ERA OF GOOD FEELINGS JAMES MONROES PRESIDENCY

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Presentation transcript:

The Era of Good Feelings Nationalism & The Era of Good Feelings

Era of Good Feelings Federalists are almost non-existent Democratic–Republicans were the only viable party Political differences fade away Sense of Nationalism spread throughout the country More trust in the federal government

American System Henry Clay’s plan to make economy self- sufficient Protective tariff Protect American business from foreign competition National bank Promote a single national currency Internal improvements Gov’t funded projects Focus on the transportation

2nd National Bank 1811- Democratic –Republicans did not renew the charter of the 1st Bank of the United States State banks made too many loans and put too much money in circulation Led to inflation and rise in price of goods 1816- The Democratic-Republican Congress and President Madison approved charter for 2nd National Bank in 1816 Restored stability to the US money supply and helped the growth of American businesses

The 2nd National Bank

Internal Improvements 1825 – 1850: often referred to as the Age of Canals Allowed farmers in these regions to flow east & people/manufactured goods to go west By 1830, N.Y.C. had a population of over 200,000 “Let us bind the Republic together with a perfect system of road and canals” -John C Calhoun (Rep-SC)

The Erie Canal

Protective Tariff England was flooding America with manufactured goods Better quality and lower price than American made products Wanted to prevent American industry from competing 1816- Congress and President Madison approved a tariff to increase cost of British goods Mean to protect American industry Southerners did not like it had little industry; relied on foreign goods Felt it only helped northern manufacturers

Adams-Onís Treaty, 1819 Andrew Jackson invaded FL to stop Seminole raids in American territory Secretary of State John Quincy Adams successfully negotiated terms Jackson seized Spanish forts & created international issues Treaty stopped war & gave U.S. all of Florida & set boundary of TX

Doubled the size of the U.S. Louisiana Purchase (1803) Lead to the debate on expansion of slavery Doubled the size of the U.S.

Missouri applied for statehood in 1817, but issue of the expansion of slavery caused great debate Would slavery be allowed to expand into the new territories? Speaker of the House, Henry Clay, helped negotiate a compromise

Missouri Compromise (1820) Banned slavery north of the 36° parallel Set precedent that for every slave state, a free state must enter 36’30 Line Kept the balance of free & slave states

James Monroe