Final Study Guide Terms Flashcards
2nd Bank of the United States
The Second Bank of the United States was chartered for many of the same reasons as its predecessor Hamilton had founded in 1791. The War of 1812 had left a formidable debt. Inflation surged due to the increasing amount of notes issued by private banks. President Madison signed a bill authorizing the 2nd Bank in 1816 with a charter lasting 20 years. The BUS was a private concern, but acted to control the currency of the United States. This function brought it into frequent conflict with state and local banks. Democrats claimed the Bank was a threat to the republic due to its economic power. During the election of 1832, pro-bank National Republicans led by Henry Clay clashed with the “hard-money” Andrew Jackson administration in the Bank War. Ultimately Jackson triumphed when he vetoed Congress’s 1832 recharter. The bank ceased to function in 1836.
3/5 Compromise
Element of the Connecticut Compromise. Counted three-fifths of the slave population in determining the population for a state’s representation in the House of Representatives.
1824 Presidential Election
Monroe did not name a successor. Republican presidential candidates ran for election: Andrew Jackson (99), John Quincy Adams (84), William Crawford (41), and Henry Clay (37). No one had majority. House of Representatives decided winner from top three candidates. Clay and Adams quid pro quo deal – Adams elected to president and Clay appointed to secretary of state. Jacksonians called it a “corrupt bargain”
1860 Presidential Election
In 1860, the disputes over slavery broke the Democratic Party into Northern and Southern factions, and a new Constitutional Union Party appeared. In the face of a divided opposition, the Republican Party, dominant in the North, secured a majority of the electoral votes (180), putting Abraham Lincoln in the White House with almost no support from the South. Before Lincoln’s inauguration, seven Southern states declared their secession and formed the Confederacy.
American Colonization Society
Established in 1816 by groups of abolitionists and Quakers and supported by slaveholders who felt that free blacks would be unable to assimilate into the white society of America and that they provoked enslaved blacks and threatened the slave community. The society supported the emigration of free African Americans to Africa. It founded colonies in Liberia and Sierra Leone on the coast of West Africa as a place for freeborn American blacks.
American System (economic plan)
Henry Clay’s “American System,” devised in the burst of nationalism that followed the War of 1812, consisted of three mutually reinforcing parts: a tariff to protect and promote American industry; a national bank to foster commerce; and federal subsidies for roads, canals, and other “internal improvements” to develop profitable markets for agriculture. Many of these proposals were passed by law.
Articles of Confederation
First written constitution. Document sought to specify a national government of the confederation of states recovering from the revolutionary war. However, states retained their independence and although legislature could enact laws, it had no authority to enforce them. Lacked power to tax and required unanimous approval by states. Government doomed to fail; needed a federal system.
Alexander Hamilton’s federalist economic system
One of the first American political parties, The Federalist Party originated in the 1790s during President George Washington’s first administration. The Federalists called for a strong national government that promoted economic growth. Alexander Hamilton, Secretary of the Treasury, took the led in the funding of the states’ debts by the Federal government, the establishment of a national bank, a system of tariffs, and friendly trade relations with Britain. Hamilton led the Federalist Party, created largely in support of his views; he was opposed by the Democratic-Republican Party, led by Thomas Jefferson and James Madison. He contributed to The Federalist Papers, which explained the meaning and virtues of the Constitution. Despite its dissolution in 1816, the party made a lasting impact by laying the foundations of a national economy, creating a national judicial system, and formulating principles of foreign policy.
Bacon’s Rebellion
Changed the administration and ideology of the American colonies. Virginia’s government lead by William Berkeley favored the rich and neglected the poor (disenfranchised). In 1676 Nathaniel Bacon, a rich farmer, staged a revolt against the state. He and his followers supplanted Berkeley and dispelled the Indians. Outcome lowered freemen’s taxes, opened claims to western lands, heightened defensive Indian policy, and increased dependence on slaves.
Boston Tea Party
The Tea Act of 1773 placed a tax on tea in America and created a British monopoly. Incited a political protest by the Sons of Liberty in Boston, on December 16, 1773. The demonstrators, some disguised as Native Americans, destroyed an entire shipment of tea sent by the East India Company. They boarded the ships and threw the chests of tea into Boston Harbor, ruining the tea. The British government responded harshly with the Coercive Acts and the episode escalated into the American Revolution.
Columbian exchange
In the 1600 and 1700s, Europeans sailed to the New World, initiating a global diffusion of crops, animals, peoples, and diseases. Negative and positive changes to America: (–) foreign diseases (smallpox) devastated the Native American population; and Europeans suffered from sicknesses like malaria; (+) European settlement brought a significant increase in food supply and diversity, and population grew; and the arrival of livestock and horses altered the lifestyle practices of harvesting, traveling, hunting, and raging war.
Compromise of 1850
A package of five separate bills passed by the Congress, which defused a four-year political confrontation between slave and free states regarding the status of territories acquired during the Mexican-American War. The compromise, drafted by Henry Clay, reduced sectional conflict. Resolutions included the settlement of the boundary of Texas and assumption of the state’s debt; admission of California as a state without reference to slavery; establishment of territorial governments for New Mexico and Utah based on popular sovereignty; ban of slave trade (but not slavery altogether) in the District of Columbia; passage of the Fugitive Slave Law; and the denial of congressional authority to interfere in the interstate slave trade.
Dred Scott decision (1857)
Dred Scott, an enslaved African American man who had been taken by his owners to free states and territories, attempted to sue for his freedom. The Supreme Court ruled that African Americans, whether enslaved or free, could not be American citizens and therefore had no standing to sue in federal court, and that the federal government did not have the power to prohibit slavery in its territories. Scott remained a slave.
Electoral college
The institution that elects the President and Vice President of the United States every four years. Approved during the Constitutional Convention in 1787 as part of the Connecticut Compromise. Citizens of the United States do not directly elect the president or the vice president; instead, they vote for presidential electors, known collectively as the electoral college. These electors, chosen by the people, elect the chief executive. The Constitution assigns each state a number of electors equal to the combined total of the state’s Senate and House of Representatives delegations.
Erie Canal (1825)
New York. Connected Hudson River (and Atlantic) with Lake Erie (Great Lakes). Stimulated growth of many cities and made New York City the leading commercial center in the U.S.