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Reading 4.3
Politics and Regional Interests
| Term | Definition |
|---|---|
| Era of Good Feelings | Time period of James Monroe’s presidency after the War of 1812 that was marked by spirit of nationalism, optimism and good will along with an improving economy. |
| James Monroe | President during the Era of Good Feelings, his time in office was characterized by a one-party political system, increasing economic opportunity, expansion westward, and the Monroe Doctrine. |
| Economic Nationalism | Focus on supporting the economic health of the country through actions such as subsidizing internal improvements (infrastructure) and protecting domestic industry from foreign competitors. |
| Tariff of 1816 | First protective tariff levied in the United States, this tariff was levied to protect American factories that had developed during the War of 1812 from cheaper British goods. |
| Protective Tariff | Tax on imported goods levied in order to shield domestic manufacturers from foreign competition and promote domestic consumption of goods. |
| Henry Clay | Representative from Kentucky that promoted the idea of the American System and was also known as the Great Compromiser due to his efforts to try and keep the country from falling to sectionalism. |
| American System | Plan created by Representative Henry Clay for advancing the nation’s economy through protective tariffs, the recreation of a national bank and subsidizing internal improvements. |
| Second Bank of the United States | Part of Representative Henry Clay’s American System, this was the second national bank after the first one supported by Alexander Hamilton was allowed to expire in 1811. |
| Panic of 1819 | First major economic downturn since the ratification of the Constitution, it was partially caused by the Second Bank of the United States tightening credit to control inflation and shook nationalistic beliefs. |
| Tallmadge Amendment | Added to the bill for Missouri’s admission to the Union, it called for the gradual emancipation of slaves in Missouri, which infuriated the Southern states and was defeated in the Senate. |
| Missouri Compromise (1820) | Enacted proposal by Henry Clay to admit Missouri as a slave state, admit Maine as a free state and prohibit slavery in future states above the 36°30′ latitude line. |
| Sectionalism | Regions of the country developing loyalty to the culture of their region over loyalty to the country as a whole. |