Chapter 10

Question 0

States began chartering new

Answer 0

Local banks with little or no regulation and their banknotes flooded in with uncertain value

Question 1

After the First National bank expired,

Answer 1

The country went tu to financial muddle

Question 2

Such loose spending practices led initially to a big

Answer 2

Economic boom but were followed by dramatic inflation

Question 3

Eventually the value of the excess banknotes

Answer 3

Plummeted and the Bubble would burst, causing a sharp recession and then a prolonged depression

Question 4

Second BUS

Answer 4

Could establish branches throughout the state’s, and it’s banknotes were accepted in payments to the governments . In return for its privileges, the bank could handle the government’s fund without charge, lend the government Up to $5 million upon demand, and pay the government a cash bonus of $1.5 million

Question 5

Thomas Hart Benton predicted that the currency short western towns

Answer 5

Would be at mercy of a centralized bank in Philly

Question 6

Calhoun pushed the bank bill because he

Answer 6

Saw it as constitutional because of the right to regulate currency

Question 7

After the War of 1812 ended, the British flooded the American market with

Answer 7

Low priced goods, leading to a tariff

Question 8

Tariff of 1816

Answer 8

Intended to protect industries against foreign competition, rather than make money

Question 9

Why did Calhoun put through the House a bill for internal improvements?

Answer 9

Western development would help his native south by opening up trade relations

Question 10

Supporters of internal improvements from the national government was from

Answer 10

The west because they needed good roads

Question 11

Madison

Answer 11

Vetoed the bill. As a result, internal improvements remained fro another hundred years

Question 12

Prosperity, according to Clay,

Answer 12

Depended on the national government’ assuming an active role in shaping the economy

Question 13

The American system had

Answer 13

High tariffs, high prices for federal lands, and the profit would be used for internal improvements to the states, and a bank

Question 14

James Monroe failed to keep up

Answer 14

With new nationalism. He accepted the BUS and the proposed give tariff, but during his tenure there was no extension of economic nationalism

Question 15

Monroe urged a constitutional amendment to remove

Answer 15

All doubt about federal authority In the field of internal improvements

Question 16

Who was his peers?

Answer 16

JQA as Secretary of State, william Crawford as secretary of the Treasury, John c. Calhoun head of the war department

Question 17

As a result of Acting Secretary of State Richard Rush and British minister to the U.S., Charles Bagot, the threat of

Answer 17

Naval competition on the Great Lakes vanished to limit forces there to several US ships collecting custom duties

Question 18

Convention of 1818

Answer 18

Settle disputed Northern limit of Louisiana Purchase

Question 19

Navigation Act of 1817

Answer 19

Importation of West Indian products was restricted to American vessels or vessels belonging to West Indian merchants

Question 20

Seminole Indians were

Answer 20

Soon fighting white settlers near a taken over British fort in the Apalachicola River

Question 21

Calhoun authorized

Answer 21

Jackson to pursue the Indains

Question 22

In April the Americans assaulted a

Answer 22

Spanish fort at St. Marks and destroyed Seminole villages. He later captured Pensacola, the Spanish capital of West Florida, dn established a provisional American governs,nt

Question 23

Adams-Onîs Treaty?

Answer 23

Gave all of Florida to USA in return for a cash settlement

Question 24

Panic of 1819 caused by what?

Answer 24

Collapse of cotton prices after British mills favored cheaper cotton from around the world

Question 25

To generate more loans, state banks issued

Answer 25

More paper money

Question 26

The proliferation of branches, combined with little supervision by the central bank

Answer 26

Carried the national banks in the same reckless extension of loans

Question 27

Cheves reduced salaries and other costs,

Answer 27

Postponed the payment of dividends, cut back on the volume of loans, and presented for redemption the state banknotes that came in, thereby forcing the state chartered banks to keep specie reserves

Question 28

James Taalmadge Jr. said that

Answer 28

No more slaves transported to Missouri

Question 29

Jesse Thomas made the

Answer 29

36 30 rule

Question 30

What did many pro-slavery propose?

Answer 30

A proviso that banned free blacks. It was quickly put down

Question 31

Henry Clay and the second Missouri compromise

Answer 31

Whereby Missouri’s admission as a state would depend upon assurance from the Missouri legislature that ur would never deny free blacks of their constitutional rights

Question 32

In Martin v. Hinter’s Lessee and Cohens v. Virginia

Answer 32

The Court assumed the right to consider appeals from state courts on the ground that the Constitution, the laws and the treaties of the U.S. Could remain the supreme law of the land if the court could review the decisions of the state court

Question 33

In Dartmouth College v. Woodward

Answer 33

It implied a new and enlarged definition of contract that seemed to put private corporations beyond the reach of the state’s that chartered them

Question 34

In McCulloch v. Maryland,

Answer 34

The effort by a state to tax the federal government was deemed unconstitutional

Question 35

Gibbons v. Odgen

Answer 35

The monopoly granted by the state to Ogden conflicted with the constitutional authority of the federal government to regulate interstate commerce

Question 36

Monroe Doctrine?

Answer 36

Nom colonization by European powers, European powers are dangerous to peace and safety, US would not interfere with European controlled colones, that’s the US would keep out of European affairs

Question 37

Crawford’s friends

Answer 37

Emphasized his devotion to states’ rights and strict construction of the Constitution

Question 38

Adams was close to Clay,

Answer 38

National government providing internal improvements for national growth, but less strongly committed to the tariff

Question 39

Why was the Adams election called the corrupt bargain

Answer 39

Clay chose Adams because of his selfishness