James Monroe

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James Monroe

• 1817-1825
• The Era of Good Feelings

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Era of Good Feelings

• Benjamin Russell
• Feds die 1 party rule
• Nationalism
• J.M. wins all but one electoral vote in 1820
• But D.R. Party split by sectionalism
• Tariffs, nat. bank, internal improvements, sale
  of public lands

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Panic of 1819

• Wild speculation on western lands
• Overextended investments in manufacturing
• Collapse of foreign markets
• Commodity inflation
• Contraction of credit resumption of specie
  payments
• Mismanagement of 2nd National Bank
• State bank failures in South West

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Resentment against the Bank

• Thomas Hart Benson of Missouri labels it The
  Monster

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Marshall Court

• Reinforces federal power
• Gibbons v Ogden
• McCulloch v Maryland
• Dartmouth v Woodward

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Missouri Compromise

• Rapid growth of West
• Senate even at 11-11
• Missouri (slave)
• Maine (free)
• 36-30
• Preserves Era of G. F. but causes sectionalism

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American System

• Henry Clay Bank, tariffs, roads
• Tariff of 1816 (Signed)
• Internal Improvements (Vetoes Intra Improvements)
• National economy binding regional interests
• Cumberland Road (National Road)
• Erie Canal (Vetoed)

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Foreign Affairs

• Canada
• Rush-Bagot Treaty
• US/GB on Great Lakes
• Treaty of 1818
• Fishing, Oregon, 49th Parallel

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Foreign Affairs

• Florida (Adams-Onis Treaty)
• 1817 Jackson pursues raiders
• 1818 Destroyed Seminole, hung 2 Brits, pushed out
  Spanish Govt
• Congress outraged (JQ Adams supports)
• 1819 Spain sells for 5 million, US gave up
  claims on Texas

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Monroe Doctrine

• A foreign policy
• Why issued? Countries in
• Europe (Spain Russia)
• were trying to expand
• to W. Hemisphere
• Basic Ideas Europe Stay Out

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Monroe Doctrine

• W. Hemisphere closed to further colonization
• U.S. would not interfere with Europes internal
  affairs
• U.S, would not interfere with any existing
  European colony

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