A growing nationalism developed during the period from 1815 to 1824, dubbed the "Era of Good Feelings" by a Boston newspaper. It began in 1815 with the end of the Napoleonic Wars in Europe and, for the United States, the end of the War of 1812. The United States was finally able to shift its attention from European politics and wars to focus on American development. Later in American history, this attitude of avoiding involvement in international politics and wars was called isolationism and became a strong part of American diplomacy.
In 1816—the last year of James Madison's presidency—Congress passed the first protective tariffs on imports to aid American industry and manufacturing. Until the beginning of the Civil War in 1861, tariffs paid for the federal government's budget. The federal government did not create its department of internal revenue and first income tax until 1862. Congress also established a Second Bank to stimulate commerce. Both these measures were part of congressman Henry Clay's plan for economic growth known as the "American System."
Few political disputes arose during this era, in part because the Federalist Party was in decline. The Federalist Party advocated a strong central government. It had much power in the early years of the republic, from 1789 to 1801, when the system of political parties was evolving. Opposition to the Federalist Party began in 1791 with the formation of the Jeffersonian Republicans, also called the Democratic-Republican Party. It was the latter name that stuck with the party until it evolved into the Democratic Party. Its opposition to the Federalist Party was formidable, and after 1801 the Federalist Party never again held any positions of power.
Evolution of Political Parties
Name of Political Party | Evolution |
---|---|
Federalist Party | Lost power by 1801 and ceased to exist. |
Jeffersonian Republican | Name changed to Democratic-Republican. Andrew Jackson ran in 1824 as a Democratic-Republican. Known today as the Democratic Party. |
National Republicans | Organized after Federalist Party ceased, this party ceased to exist in 1830s and evolved into the Whig Party. |
Whig Party | Ceased to exist by 1854 and became the Republican Party. |