Why was James Monroe's presidency received as the "Era of good feelings?"
The U.S was at peace after the victory of the War of 1812; the economy was booming and the
federalist party had collapsed.
A period of time where Democratic-Republicans maintained near total control of federal/state
government; authorized measures that fostered the economic and political stability.
Era of good feelings
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What was the purpose of the Second National Bank?
To bring stability to the nations currency system and the economy
What became of Jackson's Florida invasion? (1817)
Spain realized their weakness and inability to upkeep their territory in North America;
Adams-Onis Treaty signed.
What resulted in the Adams-Onis Treaty?
Spain surrendered the remainder of their territory and drew the boundary of Mexico all the way
to the Pacific.
, Convention of 1818
Set the border between the U.S. and Canada at the 49th parallel (or latitude). Also affirmed U.S.
rights to fisheries along Newfoundland and Labrador; both occupy Oregon for settlements.
This Doctrine defined by James Monroe and John Quincy Adams consisted of three principles;
- Would not engage in European Wars unless American interests were involved
- North and South American territories were not subject to any further European colonization
- Any attempts at European colonization in the "New World" would be considered an unfriendly
act.
Monroe Doctrine
What years were considered the "Era of Good Feelings?"
1820's-1830's
Which commodities were on high demand following the war of 1812?
American gin, cotton, grain and tobacco.
What caused the depression of 1819?
Banks loaned out tons of money to people who could not pay it back. They were printing so
much money that it became an invalid form of payment; Europe recovered from Napoleonic
wars and English goods built up allowing for an influx of cheap goods flooding the American
economy.
What was a result of the depression of 1819?
State banks folded and many bankrupt; land value fell, debt climbed; lasted 3-5 years.
Who was John Marshall?
Chief Justice of the Supreme Court
Fletcher v. Peck
Marshall concluded that a state could not pass legislation invalidating a contract; first the
Supreme Court declared a state law (GA Law) unconstitutional and invalid.
Dartmouth College v. Woodward
Supreme Court case that prevented states from interfering in contracts
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