1. An Era of Nationalism
Chapter 7 section 3

2. 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

3. Marshall and the Supreme Court Boost Federal Power
Under John Marshall ( ) 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

4. 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

5. 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, Great panics….these panics led workers and farmers to doubt capitalism and blame the bank of the United States

6. 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

7. 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

8. 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 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)