The Era of Good Feeling

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The Era of Good Feeling

• 1816-1820s
• (What was so good about it?)

2
Pres. James Monroe (1816-1824) Dem-Rep
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Federalists fade away for good

• 1816 was last time a Federalist candidate ran for
  president
• Party disputes not a problem for awhile

4
New Economic () Problems

• New National Bank needed (old charter expired in
  1811)
• Low money supply/ inflation rises
• Competition from England rises after 1815
• Brits dump lots of cheap products in US

5
Congress passes Tariff

• A tax on imported goods (brought into the
  country)
• Used to protect domestic industries/businesses

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Protective Tariff Example

• American cloth sold for 6 per roll
• British cloth shipped to US and sold for 5 per
  roll
• US protective response Add 25 tariff to Brit
  cloth
• British price becomes 6.25 per roll
• Whos cloth would you buy?

7
South opposed Tariff of 1816!

• WHY?

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Answer

• South didnt have factories/manufactured goods
  that needed protecting
• South bought lots of cheap goods from
  Englandmore expensive to buy from North

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Sectionalism

• Devotion to a particular region (or section) of
  the country.
• Example proud Southerner
• ltgtltgtltgtltgtltgtltgtltgtltgtltgt
• 3 New Congressional leaders emerge

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John C. Calhoun (South)
South Carolina
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Daniel Webster (North)
Massachusetts
12
Henry Clay (West)
Kentucky
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Clays American System

• Goal defeat sectionalism/restore unity
• Objectives
• High tariffs on imports
• Northerners buy products from South West
• Help national economy by improving
  infra-structure (roads, bridges, canals)
• The System never passed (mainly due to Southern
  opposition)

14
Reflection Question

• So, what was the era of good feeling? What did
  the phrase refer to?

15
Reasons to Feel Good

• Feeling confident after War of 1812
• Political parties arent fighting
• Country and economy are growing