The “ Era of Good Feelings ” ( ) ( ) Period that the Federalists disappeared and the Republicans were the only faction
The Election of 1816 Election of 1816, James Monroe wins easily (last Federalist candidate, Rufus King)
James Monroe [ ] Fun Fact: Ranked # 14 in 2009 C-SPAN poll
John Quincy Adams: John Quincy Adams: A bulldog among spaniels! Secretary of State under MonroeSecretary of State under Monroe President 1824President 1824 (Ranked #19 in same poll)(Ranked #19 in same poll)
Second National Bank Monroe breaks with Jefferson’s agrarian ideas and moves to a Federalist economic planMonroe breaks with Jefferson’s agrarian ideas and moves to a Federalist economic plan Bank established in 1816 and chartered for 20 yrsBank established in 1816 and chartered for 20 yrs Responsible for high scale financing and create a strong national currencyResponsible for high scale financing and create a strong national currency
The American System
p Tariff of 1816 pProtect industry and raise money p Second Bank of the U. S. pStabilize currency pMonitor independent banks p Internal improvements at federal expense. - National Road Henry Clay, “The Great Compromiser” (Calhoun, and JQ Adams also support)
The American System WEST got roads, canals, and federal aide. p WEST got roads, canals, and federal aide. p EAST got the backing of protective tariffs from the West. p SOUTH ??? Not a fan.
The West & the NW:
The Convention of 1818 U.S. gets all land south of 49 th Parallel Oregon territory would be shared, and revisited in 10 years Oregon territory would be shared, and revisited in 10 years
Adams-Onis Treaty, 1819 Settled border with Spain U.S. got Florida in exchange part of Texas U.S. got Florida in exchange part of Texas Used TX and Rocky Mts. as border Used TX and Rocky Mts. as border
US Population Density
The Election of 1820
The Panic of 1819 CAUSES??? 1 st experience with boom-bust cycle 1 st experience with boom-bust cycle Failure of monetary policy Failure of monetary policy International decrease in American products International decrease in American products
Effects of the Panic of 1819 ForeclosuresForeclosures Bank failuresBank failures UnemploymentUnemployment Decline in agricultural and manufacturing productionDecline in agricultural and manufacturing production Sound familiar???????
The Tallmadge Amendment (1819) p All slaves born in Missouri after the territory became a state would be freed at the age of 25. p Passed by the House, not in the Senate. p The North controlled the House, and the South had enough power to block it in the Senate.
The Compromise of 1820: A Firebell in the Night!
The Monroe Doctrine, What would the US do if the warning was not headed? Monroe Doctrine 2.What warning is given to the European countries? 1.What foreign policy principles are established? p Referred to as America’s Self-Defense Doctrine.
The Election of 1824: The “Corrupt Bargain ”
CandidatePopular Vote Electoral Vote Andrew Jackson43%99 J.Q. Adams31%32 William Crawford 13%41 Henry Clay13%37
The Drama With no majority of electoral votes, the election goes into H of RWith no majority of electoral votes, the election goes into H of R Henry Clay serves as Speaker of House and hates JacksonHenry Clay serves as Speaker of House and hates Jackson –American System –Battle of New Orleans Uses political influence to throw House vote to AdamsUses political influence to throw House vote to Adams
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