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Monroe’s Era of Good Feelings: 1816–1824

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Monroe’s Era of Good Feelings: 1816–1824

Monroe’s Era of Good Feelings: 1816–1824

Monroe’s Era of Good Feelings: 1816–1824

Monroe’s Era of Good Feelings: 1816–1824

Monroe’s Era of Good Feelings: 1816–1824

1816 Tariff of 1816 Bank of the United States created James Monroe elected president
1818 Treaty of 1818 establishes fixed border with Canada Gen. Andrew Jackson invades Florida
1819 Panic of 1819 Spain cedes Florida to the United States House passes Tallmadge Amendment McCulloch v. Maryland and Dartmouth College v. Woodward cases
1820 Missouri Compromise reached Monroe reelected
1821 Supreme Court issues Cohens v. Virginia ruling
1823 Monroe Doctrine
1824 Russo-American Treaty of 1824 Supreme Court issues Gibbons v. Ogden ruling
Key People
James Monroe -  Fifth U.S. president; presided over unified Era of Good Feelings until sectional differences began to split the nation
John Marshall -  Federalist Chief Justice of the Supreme Court from 18011835; issued numerous landmark rulings
John Quincy Adams -  Son of John Adams; Monroe’s secretary of state; formulated Monroe Doctrine
Henry Clay -  Kentucky statesman; promoted American System; orchestrated Missouri Compromise
Daniel Webster -  Massachusetts senator; ardent proponent of Clay’s American System
Andrew Jackson -  Military hero; invaded Florida in 1818 Seventh U.S. president; lost disputed 1824 election to Adams but later served two terms Seventh U.S. president; actively pursued Indian removal and decommissioned the Bank of the United States

Postwar Pride

Although the War of 1812 essentially ended a stalemate, Americans came away from the conflict with a newfound sense of national spirit. They began to see themselves as Americans first and New Yorkers or Virginians second (although state pride didn’t disappear entirely). This American spirit boosted the popularity of the federal government, and the nationalistic War Hawks, who had agitated for the war, emerged as its new leaders.

Henry Clay and the American System

One of the War Hawks, Speaker of the House Henry Clay, was an ardent proponent of his three-pronged “American System” for improving the United States. First, Clay wanted to improve the financial sector of the economy. Under his leadership, Congress created another Bank of the United States in 1816 to offer easy credit. Second, Clay sought to protect struggling American manufacturers from the postwar influx of cheap British goods. He pushed through the Tariff of 1816 , which placed a 20-percent tax on all foreign goods—the first tariff that Congress passed in order to protect merchants rather than just to raise revenue. Finally, Clay’s American System called for construction of new roads and canals in the West.

Internal Improvements

Clay’s program of internal improvements in the West was meant to help farmers ship their crops and goods and would be paid for with money raised by the Tariff of 1816. Up to that point, western farmers had a difficult time transporting their crops to eastern cities before they spoiled. The construction of new roads and canals thus helped agriculture immeasurably. Improved transportation also benefited eastern manufacturers, who suddenly had access to new markets in the West. At the same time, the construction of roads and canals accelerated the development of western cities, especially in the Ohio Valley.

The Era of Good Feelings

The newfound national spirit after the War of 1812 also spilled over into politics. Democratic-Republican candidate James Monroe easily defeated his weak Federalist opponent in the election of 1816, effectively killing the Federalist Party for good. With the Federalists out of the picture, the popular Democratic-Republicans were left to run the show without much opposition. One newspaper dubbed these tranquil years the “Era of Good Feelings,” and the name stuck.

The Panic of 1819

A string of crises toward the end of Monroe’s first term quickly dampened those good feelings, however. The first crisis hit in 1819, when overspeculation in western lands caused a financial panic. The Panic of 1819 quickly cascaded into a full-scale depression. The Bank of the United States was hit hard, and many fly-by-night “wildcat banks” in the West went bankrupt. Although all Americans were hit hard, farmers suffered the most. Hundreds were thrown into debtors’ prisons, and poverty was rampant until the economy finally recovered nearly a decade later.

The Missouri Compromise

Another crisis arose in 1819 when Missouri applied for admission to the Union as a slave state. Even though Missouri met all of the qualifications, the northern-dominated House of Representatives denied the territory statehood because they did not want to tip the sectional balance in favor of the South (eleven free states to twelve slave states). The House also passed the Tallmadge Amendment later in 1819, declaring that no new slaves could be taken into Missouri and that slaves already there should gradually be freed.

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