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James Monroe

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.

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James Monroe

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  1. James Monroe 1817-1825 “The Era of Good Feelings”

  2. 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

  3. 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

  4. Resentment against the Bank • Thomas Hart Benson of Missouri labels it “The Monster”

  5. Marshall Court • Reinforces federal power: • Gibbons v Ogden • McCulloch v Maryland • Dartmouth v Woodward

  6. 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

  7. American System • Henry Clay • Internal Improvements (Vetoes Intra Improvements) • National Economy binding regional interests • Cumberland Road (National Road) • Erie Canal

  8. Foreign Affairs • Canada: • Rush-Bagot Treaty • US/GB on Great Lakes • Treaty of 1818 • Fishing, Oregon, 49th Parallel

  9. 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

  10. Monroe Doctrine • A foreign policy • Why issued? – Countries in Europe (Spain & Russia) were trying to expand to W. Hemisphere • Basic Ideas: “Europe Stay Out”

  11. 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

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