Monroes presidency Flashcards
What hurt the Federalist party?
The doubts they expressed about the war of 1812
What happened after the war of 1812?
Divisions between states and regions that split the nation was replaced by a feeling of unity and pride
Who won the election of 1816?
James Monroe, a Republican
How did the Republican Party change?
Admitted Limited government wouldn’t work and promoted the Federalist idea of more Federal involvement in industrial and economic growth
Henry Clay
Republican speaker of the house from Kentucky
The principles of clays economic plan, the American system?
- A new nation Bank of the United States
- higher tariffs
- infrastructure improvements (roads ,bridges and canals) Congress did not agree with this idea
What happened when first banks charter by making a national Bank Necessary?
State banks made too many loans and allowed too much money into circulation leading to inflation (rise in the prices of goods)
How the Supreme Court supported the creation of the second national Bank:
Ruled states could not tax the national bank
Why did American manufactures want higher tariffs?
British factories where more advanced and turned out more goods of higher quality at lower prices then American factories
How did the tariff of 1816 protect American manufacturers?
- Placed high taxes on imports.
- merchants who payed the tariff added the cost of the tariff to the prices, making imported items more expensive
- consumers where more likely to buy cheaper goods from American manufactures
Why did the South oppose the high tariffs?
- The South had few factories
- southerners were paying higher prices for the goods they had to buy
- stated the tariff protected northern industries at their expense
What is Socialism and what was causing it in the US?
- Differences in the goals and interests of different parts of the country
- differences in geography, economics and history
What were the sections in the US?
- North: New England and mid Atlantic states
- South
- West: Appalachian Mountains to Mississippi River
What was the problems with Missouri’s statehood?
- Most Missouri settlers were from Kentucky and Tennessee= slave states
- Missouri was mostly north of the Ohio River- official border between slave and free states
Describe the Missouri compromise:
-Proposed by Henry Clay