Unit 4- Market and Political Revolutions Flashcards
Era of Good Feelings
Time period during early 1800s where ONLY ONE political party existed (Democratic-Republicans)
- The country felt united after War of 1812, little division
Panic of 1819
First economic crisis in US History, trade stopped and mass unemployment (lasted about 2 years)
Missouri Compromise of 1820
- Missouri became a slave state, Maine became Free state to balance power
- Created a dividing line of slavery between North and South (36’30’’)
Thomas Jefferson
- 3rd President, Favored a smaller government
- Led the Democratic Republican party
- Eliminated national bank and placed an embargo on foreign goods.
- Expanded the country with the Louisiana Purchase
War of 1812
- War between US and Britain
- Established US as a naval power
- US wins
Monroe Doctrine
James Monroe created a doctrine that the US will stay out of European affairs in exchange, Europe will stay out of the Americas.
American System
A government system to support infrastructure. Had 3 goals
- Create a new National Bank
- Place tariffs on International goods
- Use tariffs to build roads, canals, and other infrastructure to make travel easier
Democratic Republicans
Political party during the Era of good feelings
- had a wide variety of views since there were no competing parties
Louisiana Purchase
Doubled the Size of the US
- US purchased Louisiana territory from France
Judicial Review
The Supreme Court can rule actions of the President and Congress as Unconstitutional
Marbury Vs. Madison
Supreme court case where the Supreme court first used Judicial review to rule a Presidential action unconstitutional
Election of 1800
Major political turning point in US history
- Power shifted from the Federalists to The Democratic Republicans
Market Revolution
Time period in the early 1800s where many new inventions were created
- Industrial Revolution in the US
Lowell System
System of factories in New England
- Produced textiles (clothing)
- often employed Women in the factories
Steam Engine
Invention that used steam to produce movement
- Made factories easier to run
- Created new forms of transportation (Train and Steamboat)