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Monroe and the Era of Good Feelings

Monroe and the Era of Good Feelings. http://www.history.com/videos/monroe-era-of-good-feelings#monroe-era-of-good-feelings. Monroe’s Presidency. 2 terms 1817-1825 Era of Good Feelings Nationalism evolved post War of 1812 American Economy develops; not unchallenged

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Monroe and the Era of Good Feelings

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  1. Monroe and the Era of Good Feelings http://www.history.com/videos/monroe-era-of-good-feelings#monroe-era-of-good-feelings

  2. Monroe’s Presidency • 2 terms 1817-1825 • Era of Good Feelings • Nationalism evolved post War of 1812 • American Economy develops; not unchallenged • Tariff of 1816: high taxes on imported steel (and other items)

  3. American System • Henry Clay • National Bank: original had expired in 1811 • Protective Tariffs • Internal Improvements -vetoed and left to the state government

  4. Panic of 1819 1. The growth in trade that followed the War of 1812 came to an abrupt halt. 2. Unemployment mounted, banks failed, mortgages were foreclosed, and agricultural prices fell by half. 3. Investment in western lands collapsed. Nationalism challenged and sectionalism arises

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