Key Events in Early American History

Flashcards covering key events and concepts from early American history, focusing on the Panic of 1819, the Missouri Compromise, and the Election of 1824.

Panic of 1819

A financial crisis caused by speculation in land, decline in cotton prices, and banking policies of the Bank of the United States.

Causes of the Panic of 1819

Speculation in land, decline in cotton prices, and banking policies that tightened credit and called in loans.

Missouri Compromise

A political agreement that admitted Missouri as a slave state and Maine as a free state while establishing the 36°30′ parallel.

36°30′ parallel

The established dividing line for future states, with states north of the line being free and states south being slave.

Political Division over Slavery

The growing conflict between Northern and Southern states regarding the expansion of slavery.

Election of 1824

An election where no candidate won a majority in the Electoral College, leading to a contentious outcome.

Henry Clay’s Role in the Election of 1824

As Speaker of the House, Clay endorsed John Quincy Adams, which was pivotal to Adams' victory.

Corrupt Bargain

The accusation by Andrew Jackson and his supporters that John Quincy Adams and Henry Clay made a deal to secure the presidency for Adams.