Nationalism & Economic Development

Nationalism & Economic Development - Rush-Bagot...

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The Era of Good Feelings James Monroe- one party, VA dynasty Cultural Nationalism- books, art Economic Nationalism Tariff of 1816- raised tariffs to protect US manufacturing (1 st protective tariff) Henry Clay’s American System- (1) national bank (2) protective tariffs (3) internal improvements Charter for the 2 nd Bank of the US States left to do internal improvements Panic of 1819- imprisonment for debt Reasons- Indians moved, economic pressures, improved transportation, immigrants, cheap land Missouri Compromise Tallmadge Amendment- prohibited further introduction of slaves into Clay’s proposals- (1) Missouri as a slave state (2) Maine as a free state (3) rest of the LA territory free Foreign affairs
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Unformatted text preview: Rush-Bagot Agreement of 1817- disarmament pact on the Great Lakes Treaty of 1818- shared fishing rights off the coast of Newfoundland, joint occupation of the Oregon Territory, northern limits of LA territory at 49 th Florida Florida Purchase Treaty of 1819- $5 million if US gave up claims on TX Monroe Doctrine- closed America to future colonization by Europe A National Economy Transportation- Roads (turnpikes), steamboats, canals, railroads Growth of Industry Eli Whitneys Cotton Gin- cotton became more profitable than tobacco Lowell System for women workers Unions Obstacles (1) immigrant replacements (2) state laws outlawing unions (3) depressions w/ high unemployment Commercial agriculture- cheap land & easy credit Women began to seek employment in the helping fields...
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