Chapter 10: Nationalism and Sectionalism
Chapter 10: Nationalism and Sectionalism Economic Nationalism Shortages of farm supplies in Europe raised US exports prices in agriculture and sparked agricultural expansion Absence of a central National bank created instability and chaos Second Bank of the United States (Philadelphia) John C. Calhoun (South Carolina), Henry Clay (Kentucky), Daniel Webster (New Hampshire): era’s greatest statesmen Tariff of 1816: intended to protect industries against foreign competition Internal improvements = roads and canals Cumberland road: 1st federally financed interstate roadway Henry Clay (Kentucky): “American System” → high tariffs, higher prices of federal land, and a strong National Bank Born and raised in Virginia Lawyer Brawling temper (got in duels) An Era of Good Feelings James Monroe Republican 1816 election Virginia 2 terms (1816 and 1820 elections) Rush Bagot Agreement of 1817 Acting Secretary Richard Rush (US) and Minister Charles Charles Bagot (UK) Limited US forces on...