1. Monday March 20, 2017
Copy the learning targets and homework assignment.
Warm up: What caused the Industrial Revolution to grow so rapidly in America? What is required to make industry grow?

2. MONEY!
Government Begins to Promote Industry

3. James Monroe Republican, served as president from 1817- 1825
Administration nicknamed “Era of Good Feelings” for national unity and lack of political party fights
Remember…What did Republicans originally support? Strong state govts, farming, and strict interpretation.

4. After the War of 1812 Nation rapidly growing in size and spirit
But the American economy faced several problems:
Lack of national bank to regulate money
Foreign competition
Flood of British goods
Competition with Great Britain…they were almost 50 years ahead of our industry, factories and machines were paid off.

5. “Era of Good Feelings”
Federal government takes a more active role in building the national economy
Henry Clay introduces the American System
This idea CONTRADICTS the beliefs of the original Republicans! Why do they do this?! To better the country!!!!

6. The American System America’s future depended on capitalism
Clay’s vision was different from the normal capitalist view of private ownership, believed federal government should play a role.
Established a Second National Bank
Passed a protective tariff to help New England businesses compete with British competition
Build roads, bridges, and canals with money from tariffs
Tariff = Tax

7. Protective Tariffs
Which regions would SUPPORT a tariff? Which regions would HATE a tariff? Why?