Id Of 1800S Essay

1706 WordsDec 15, 20117 Pages
Tariff of 1816: Primarily protective, rates: 20-25% on the value of dutiable imports, started and stimulated the appetites of the protected for more protection. Henry Clay's American System involved ideas such as federal support for internal improvements, tariff protection for new industries, and the rechartering of the national bank that Clay proclaimed would help make the nation economically self- sufficient. This system led to Congress chartering the Second Bank of the United States and enacting a moderate tariff. However, after the War of 1812, when Congress tried to pass an internal improvements bill that was to be federally supported, Madison vetoed it, claiming that a constitutional amendment was needed in order to permit such improvements. John Quincy Adams, son of former president John Adams, and Secretary of State to James Monroe became president in 1824. He made several decisions that made his presidency controversial and ensured him a sing-term presidency. He alienated supporters by appointing his opponents to high office. As well, he infuriated southerners by sending American delegates to a conference of newly independent Latin nations, thus recognizing Haiti (the Black republic created by slave revolutionaries.). In addition, his administration was marred by charges of a 'corrupt bargain,' levied by Jackson's supporters (during the election of 1824, none of the three candidates—JQ Adams, Andrew Jackson, and Henry Clay—had achieved a majority of the electoral votes and the decision had been transferred to the House; however, when Clay threw in his support to Adams in exchange for his appointment as Secretary of Stae, Jackson cried foul). This election led to the division of the Democratic Republican Party. Panic of 1819 was a period of economic recession under James Monroe. State banks issued their own bank notes, promising to pay the holder a

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