Part 2 Flashcards
"Era of good feeling"
“Era of good feelings”
Nationalism, optimism, good will
national debates
tariffs, national bank, internal improvements, public land sales, SLAVERY
James Monroe
no organized opposition
Virginian, minister to Britain, Madison secretary of state
Cultural Nationalism
new generation focused on west expansion not European affairs
Economic Nationalism
political movement to support economic growth
tariffs of 1816
before war of 1812- low tariffs
during war- factories had to cover imports not coming from the U.K.
after war- merchants afraid trade with England would take their business
American System- Henry Clay
- protective tariffs - tax imported goods to raise internal revenue
- national bank - new American currency
- internal improvements- promote growth (west)
Panic of 1819 (Economic Depression)
- second banck of America tightened credit to control inflation
- west suffered most, opposition to national bank + land reforms
Political Changes
- John Randolph old party views
- Democratic- Republicans adopted federalists ideas (large army & National bank)
- people reversing their political views
Supreme Court cases
Marshall’s Court
favored central government and property rights
loose constructionists
Fletcher v. Peck (1810)
land fraud in Georgia
Concluded states could not pass legislation invalidating a contract
Martin v. Hunter lease (1816)
Supreme court has jurisdiction over state courts for constitutional rights
Dartmouth v. Woodward (1819)
contract for private corporation could not be charged by state
McCullough v. Maryland
Maryland tried to tax second bank located in state
concluded state could not tax federal institution
Cohen’s v. Virginia (1821)
supreme court could review state courts decision if involving federal government