Politics and Power Flashcards
Vision of the Jeffersonian Democracy
Agrarian Utopia
Jefferson’s Ideas About Farming
Only through farming could there be a independent republican citizenry.
Jefferson’s Ideas About Manufacturing
Manufacturing and financial speculation are threats to independence.
Lousiana Purchase
Napoleon sold the entire Louisiana territory for $15 million
Reasoning for Embargo Act of 1807
To punish Britain for impressing Americans and for blockading French ports
Embargo Act of 1807
Prohibits American merchant ships from sailing into any foreign port
Jefferson’s predictions for Embargo Act
He believed that Britain would stop impressing and blockading because of their dependence on American material.
Effects of Embargo Act
Britain acquires materials from South America; Exports drop by 80%
Elements of Monroe Administration
- Acquisition of Florida
- Missouri Compromise
- Monroe Doctrine
Powers of Second National Bank
- Issued paper money
- Paid govt. debt
- Open branches
- Grant govt. loans
Opposers of National Bank
Old Republicans and Western Settlers
Monroe Presidency
Last president who attended Constitutional Convention; Last president elected from Virginia Dynasty
Dartmouth vs. Woodward
The court ruled that a contract for a private corporation couldn’t be altered by the state
McCulloch vs. Maryland
federal law is supreme
Gibbons vs. Ogden
Established the courts broad control of interstate commerce
