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Nationalism and Economic Expansion

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Presentation on theme: "Nationalism and Economic Expansion"— Presentation transcript:

1 Nationalism and Economic Expansion

2 James Monroe Virginia Republican (again) Madison’s Secretary of State With Federalist collapse after War of 1812, no political struggles

3 Era of Good Feelings Period characterized by lack of political divisiveness and economic growth

4 Panic of 1819 Bank of US blamed by farmers Credit is tightened
Farms foreclosed on Speculative land buying dries up Began 6 years of depression Political divisions begin to emerge

5 Settlement of the West New lands available NA resistance weakening
Population pressure in the east New transportation Communities form in Old NW Plantation economy (cotton) forms in Southwest

6

7 Missouri Compromise (1820)
11 free and 11 slave states already MO, with slaves, applies for statehood 1819 Tallmadge Amendment Maine admitted with MO Slavery banned in future territories north of 36’30’’ Henry Clay led compromise

8 John Quincy Adams and Florida
Monroe’s Sec. of State Premier diplomat in US history Jackson attacking Seminoles and Spanish in FL Adams-Onis Treaty US gets all of Florida Spain gives up claims in NW US gives up any claim to TX

9 Monroe Doctrine Cornerstone of US foreign policy for 100 years
Response to Latin American fights for independence Called for an end of European colonization and intervention in Latin America

10 Election of 1824 Shattering of Republican party
Jackson, Adams, Clay, and Crawford run Jackson wins majority of votes Adams wins election in Congress Calls of a “Corrupt Bargain” between Adams and Clay

11 Early Railroads and Canals
Clay proposes “American System” (fails in Congress) National Road built Steamships (Fulton) Erie Canal built Railroads begin to pop up in 1820s Not dominant form of transportation

12 National Road

13 Beginnings of Factory System (1820s)
Began in NE textile mills Machines driven by water power Much more factory growth than any where else in the world during the 1820s

14 Early Labor System (women)
Family migrate from farm to mill Considerably better than in England Lowell Mills and others relied on young women Clean factory conditions Well-fed and housed “Fair” wages

15 Social Mobility and Wealth
Increased income distributed unequally (rich got richer) Standard of living improved for almost all Little social conflict between classes High geographic mobility

16 Cotton Revolution 1794-Whitney invents the cotton gin
Large tracts of land devoted to cotton as far west as TX Large-scale agriculture


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