How Did Monroe Contribute To Nationalism

Words: 519
Pages: 3
Open Document
The United States nationalism started growing around the time James Monroe was president. President Monroe was a walking symbol of good feelings. He wanted to unite all the sections in the country and he wanted no political parties. He wanted national unity. By 1815, major things started changing. The republican party adopted federalists policies such as: positions on national bank, protective tariffs, and national roads. Monroe called for a program of national economic development directed by the central government. This included creation of a second bank of the United States to provide for stable currency, a protective tariff to encourage industry, and a permanent 20,000-man army. He wanted new military academies, an establishment of national university in Washington, and an extensive system on roads and canals.
Henry Clay, John C. Calhoun, and Daniel Webster were also leaders that helped the United States find its identity. Henry Clay had a very active role in the national economic development. Clay was Speaker of the …show more content…
To finance the war the United States borrowed from many private banks at high interest rates. This resulted in high inflation. The United States was unable to redeem millions of dollars deposited into private banks. After the British burned down the nation’s capital in 1814 many banks outside of New England stopped redeeming their notes in gold and silver. Many soldiers, government securities and army contractors were not paid and treasury went bankrupt. Even after the war many banks refused to resume payments in gold or silver. In 1816 Congress voted to charter a second bank of the United States for 20 years, in return it required the bank to pay a bonus of $1.5 million to the federal government. Congress agreed that a national bank would strengthen the banking systems and ensure that bank notes were readily exchangeable for gold and
Show More

Related Documents: How Did Monroe Contribute To Nationalism

Essay on Ch 12

Chapter 12 The Second War for Independence and the Upsurge of Nationalism, 1812–1824 1. A Scary War with Britain (pp. 233–240) a. What do the authors say at the outset is the “supreme lesson” of the War of 1812? The leading a divided and apathetic people into war is a bad idea b. For two years, the Americans and British fought to a standstill in Canada. What event in Europe in 1814 allowed the British to concentrate all their forces in America? Napoleons power was destroyed…

Words 1169 - Pages 5

Course: US History From 1877 To The Present

The student understands the impact of geographic factors on major events. (20) Government. The student understands the changing relationships among the three branches of the federal government. (26) Culture. The student understands how people from various groups contribute to our national identity. (27) Science, technology, and society. TS understands the impact of science, technology, and the free enterprise system on economic development of the United States. 8(D) explain reasons and outcomes for…

Words 4986 - Pages 20

Influencing Factors for the Selection of Mobile Phone Service Providers Essay

African Journal of Business Management Vol.4 (13), pp. 2885-2898, 4 October, 2010 Available online at http://www.academicjournals.org/AJBM ISSN 1993-8233 ©2010 Academic Journals Full Length Research Paper Exploring influencing factors for the selection of mobile phone service providers: A structural equational modeling (SEM) approach on Malaysian consumers Sabbir Rahman1, Ahasanul Haque1* and Mohd Ismail Sayyed Ahmad2 1 Faculty of Economics and Management Sciences, International Islamic…

Words 9751 - Pages 40