Upload
melinda-gaines
View
223
Download
2
Tags:
Embed Size (px)
Citation preview
James Monroe
1817-1825
“The Era of Good Feelings”
Era of Good Feelings
• Benjamin Russell
• Feds die = 1 party rule
• Nationalism
• J.M. wins all but one electoral vote in 1820
• But D.R. Party split by sectionalism– Tariffs, nat. bank, internal improvements, sale
of public lands
Panic of 1819
• Wild speculation on western lands• Overextended investments in manufacturing• Collapse of foreign markets• Commodity inflation• Contraction of credit – resumption of specie
payments• Mismanagement of 2nd National Bank• State bank failures – in South & West
Resentment against the Bank
• Thomas Hart Benson of Missouri labels it “The Monster”
Marshall Court
• Reinforces federal power:– Gibbons v Ogden– McCulloch v Maryland– Dartmouth v Woodward
Missouri Compromise
• Rapid growth of West
• Senate even at 11-11
• Missouri (slave)
• Maine (free)
• 36-30
• Preserves “Era of G. F.” but causes sectionalism
American System
• Henry Clay
• Internal Improvements (Vetoes Intra Improvements)
• National Economy binding regional interests
• Cumberland Road (National Road)
• Erie Canal
Foreign Affairs
• Canada: –Rush-Bagot Treaty
• US/GB on Great Lakes
–Treaty of 1818• Fishing, Oregon, 49th Parallel
Foreign Affairs
• Florida– 1817 Jackson pursues raiders– 1818 Destroyed Seminole, hung 2 Brits,
pushed out Spanish Gov’t• Congress outraged (JQ Adams supports)
– 1819 Spain “sells” for 5 million, US gave up claims on Texas
Monroe Doctrine
• A foreign policy
• Why issued? – Countries in
Europe (Spain & Russia)
were trying to expand
to W. Hemisphere
• Basic Ideas: “Europe Stay Out”
Monroe Doctrine
• W. Hemisphere closed to further colonization
• U.S. would not interfere with Europe’s internal affairs
• U.S, would not interfere with any existing European colony