An Era of Nationalism Chapter 7 section 3.

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Presentation transcript:

An Era of Nationalism Chapter 7 section 3

Nationalist Economic Polices Nationalism-glorification of a country Mid 1800’s era of politics described as “era of good feelings” Henry Clay-leading advocate for economic nationalism He and supporters wanted the federal govt to build new roads and canals to link the Atlantic with the Midwest He favored the reestablishment of the national bank

Marshall and the Supreme Court Boost Federal Power Under John Marshall (1801-1835) supreme court favored a strong federal government and national economy McCullough vs Maryland (1819)-insisted that federal law was superior to state law Maryland levied a tax on the operations of the Bank of the United States to protect their local state banks Marshall and Supreme Court struck down this law Gibbons vs Ogden (1822)- Marshall rejected a steamboat monopoly granted by the state of New York

Marshall cont…. Marshall’s Court Encouraged development of large far-flung business cooperation's US becomes a large integrated market due Marshall and his rulings

Economy experiences panics During the boom phase-high consumer demand and businesses expanding production…supply exceeds demand Bust phase-prices fall. Production cut back, factories close and fire workers. 1819,1837,1857- 3 Great panics….these panics led workers and farmers to doubt capitalism and blame the bank of the United States

Nationalism Influences Foreign Affairs John Quincy Adams- Secretary of State for James Monroe 1819-Spain Sells Florida to the US Adams-Onis Treaty-ended Spain’s claims in Pacific coast territory of Oregon

The Monroe Doctrine Formulated by Adams named after President Monroe Responded to the threats by European powers Help Spain recover Latin American colonies that had claimed Independence Doctrine meant little in 1823 bc lacked navy/army to enforce it BUT IT DID reflect the nations growing desire for power

Nations Compromises over Slavery 1819-Missouri’s admission to Union as a state because at the time their were equal number of free and slave states Missouri Compropmise-1820- Henry Clay Northern part of Massachusetts would enter as the free state of MAINE Missouri enters as a slave state Line drawn across the continent to determine who could enter as slave states (Mason Dixon Line)