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America during the 1820’s. Key Events and Milestones. Era of Good Feelings. The American System. Second Bank of the United States. Erie Canal. Events in Foreign Affairs. Economic Woes. Missouri Compromise. - PowerPoint PPT Presentation
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AMERICA DURING THE 1820’S
Key Events and Milestones
James Monroe presided over an age of prosperity and tranquility.Few political of the political disagreements that marked the early part of US History.
ERA OF GOOD FEELINGS
Henry Clay the architect of this plan.A plan to unify the nation around:• economic development• Transportation
advancements• Tariffs• National Bank.
THE AMERICAN SYSTEM
SECOND BANK OF THE UNITED STATES
ERIE CANAL
Adams-Onis Treaty: Andrew Jackson had taken it upon himself to take Florida. John Quincy Adams formalized it!
Monroe Doctrine: the British and Europe were not allowed to have any influence in this Hemisphere.
Big bark from a small dog
EVENTS IN FOREIGN AFFAIRS
Panic of 1819: • 1st Recession since
Nations founding• European demand
for American goods.
• Western Land Boom Cotton bubble
• Banking crisis “wildcat banks”.
ECONOMIC WOES
Year Cotton Price
1815 20 cents/lb1816 30 cents/lb1818 34.5
cents/lb1819 14 cents/lb
America had expansion fever.• Missouri ready to
become a state.• Delicate balance
between North and South
Northwest Ordinance Banned Slavery• North wanted no further
spread of the influence of Southern Slavery
• Henry Clay’s Compromise
MISSOURI COMPROMISE
Missouri: a slave stateMaine: divided from Massachusetts a free state
Slavery above 36-30 line would not be allowed, and permitted below the
line.