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Related Flashcards
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Cards In This Set
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Economic nationalism
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National bank, protective tariff, internal improvements
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Specie payment
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Exchange of coins for paper money submitted by depositors
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James Madison bank quote
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Nat'l bank issue decided by "repeated recognitions...of the validity of such an institution in acts of leg, jud, and exec branches of gov, accompanied by general will of nation"
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Pro B.U.S.
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Calhoun (SC) and Clay (KY)
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Anti B.U.S.
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Webster (New Hampshire) and Benton (Missouri)--represent new england and the west
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1. Pro-tariff2. Anti-tariff
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1. manufacturers, wool processors, and food, sugar, and hemp growers1. Southern farmers and northern shippers
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1st tariff intended to protect industry
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Tariff of 1816
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Constitutional basis for internal improvements
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Constitutional provision for national defense and expansion of postal system
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National Road
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*also called Cumerland Road*construction began 1815*5% of Ohio land sales go toward building it
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1. Pro internal improvements2. Anti internal improvements
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1. West2. North and south
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Henry Clay
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*Kentucky*Speaker of the house*American system
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American System
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1. high protective tariffs2. higher land prices to fund internal improvements3. strong nat'l bank
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James Monroe
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*5th pres, last of rev. gen*rep in VA assembly and gov *rep in Confederation Congress and U.S. senator*U.S. minister in Paris, London, and Madrid
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James Monroe and economic nationalism
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*econ nationalism not extended during his term*veto of 1822 cumberland road bill*urged constitutional ammendment for internal improvements
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Monroe Cabinet
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*Sec of State: John Quincy*Sec of Treasury: William Crawford*head of war depart: john calhoun
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