Chapter 7 test Flashcards
National Bank
Feature of the American system that provided a sound U.S. currency
The War of 1812 forced many to realize that
The U.S. needed stronger manufacturing and banking systems
The Tariff act of 1816 attempted to
Raise the costs of imports
Convention of 1818
Established the U.S. Canadian border at the 49th parallel
James Monroe
President who warned European nations against establishing any new colonies in the Americas, particularly Latin America
19th century transportation advances affected the economy by
Encouraging economic growth by moving goods quickly and cheaply
The transportation revolution involved improvements in
Canals, steamboats, and railroads
The Market Revolution helped
All regions reach more markets
Factory system
Reliance on machines at every stage of production in order to cut costs and increase output
Urban growth and industrialization were most noticeable in the
North and Mid West
Panic of 1819
Event caused by federal attempts to regulate state banks
The Missouri Compromise resolved the following issues
- Missouri’s status as a slave state, 2. The congressional balance of slave states and free states, 3. Maine’s status as a free state
In the presidential election of 1824 Andrew Jackson suspected that
Adams and Clay had arranged a “corrupt bargain”
After his election President Jackson rewarded his friends and support by
Giving them government jobs
Rotation in office
Practice or periodically replacing government bureaucrats
Andrew Jackson
President who supported the forced settlement of eastern Indians in present day Oklahoma
Indian Removal Act
U.S. policy that triggered the Second Seminole War in Florida
States’ rights
Issue debated in Congress after the tariff of 1828 was passed
The Panic of 1837 was caused by
- The Specie Circular which caused bank failures, 2. Banks easing loan requirements, 3. Speculation that inflated land prices
Whig
Political party that won the 1840 presidential election in part by relying on campaign slogans and images
