Era of Good Feelings - Era of Good Feelings Collapse of the...

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Era of Good Feelings Collapse of the Federalist National unity Sense of accomplishment Economic nationalism o Plan began while Madison still in office o Pushed by young Congressmen Henry Clay John C. Calhoun American economy had grown Manufacturing more important o Started developing more self sufficiency Expanded beyond traditional Federalist Party affiliation Bank of the United states o Expired in 1811, not re-chartered o Problems during the war Calhoun led the charge for a new bank o Emergence of National Republicans o Bank vote is still close
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o Second BUS is more powerful than original American manufacturing had increased during the war o Especially iron and textiles After the war new British good arrived (cheaper) o Tariff of 1816 More competition for US from new British goods Young National Republicans pushed for a protective tariff o Encourage US manufacturing, make the US self-sufficient o Revenues came to about $40 million /year
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This note was uploaded on 04/14/2008 for the course HIST 1301 taught by Professor Staff during the Spring '08 term at University of Texas at Dallas, Richardson.

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Era of Good Feelings - Era of Good Feelings Collapse of the...

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