No fighting political parties

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Presentation transcript:

No fighting political parties By Election of 1816, Federalist are gone only Republicans left

“Good Will” tour of middle/northern regions James Munroe “Good Will” tour of middle/northern regions (he’s from Virginia)

(Kentucky) spoke for people in the West who thought the country needed better infrastructure to promote interstate trade John C. Calhoun Daniel Webster Henry Clay (South Carolina) spoke for Southern states’ rights (Massachusetts) supported high tariffs to protect the industries of the Northeast Americans (even Republicans) begin supporting federal programs to promote economic prosperity

In 1811, the National Bank of the United States (the one that was created in 1791) ceases to exist because it’s charter is up. Since State banks make too many loans and issue too much money, prices started going up. So, Congress establishes a 2nd Bank of the U.S. in 1816 w/20 year charter 420 Chestnut Street Philadelphia, Pennsylvania

After the War of 1812, British manufacturers want to sell their goods in the U.S. Since they have well-established factories and a larger customer base, these British companies can produce their goods more cheaply than American manufacturers, and they can “dump” their goods in the U.S. (sell below market value). American businesses close and hacked-off factory workers ask Congress for help.

Congress passes Tariff of 1816 on certain products – they even pass higher tariffs in 1818 and 1824.

3 Landmark Supreme Court Cases McCulloch v. Maryland (1819) – Maryland tried to put a tax on a branch of the Federal Bank in their state; the Bank refused to pay. Court said states can’t interfere with federal institutions; also, a state can’t pass any law that violates a federal law. This strengthened the power of the federal government. Dartmouth College v. Woodward (1819) the court protected private contracts, protecting private business and promoting capitalism. Gibbons v. Ogden (1824) – the Court ruled that New York could not give a steamboat company a monopoly to carry passengers along the Hudson River. Since travel on the Hudson included stops in NJ this was interstate commerce and only Congress had the power to regulate interstate commerce. This ruling also strengthened the power of the Federal Govt.