Post-War of 1812: Despite a developing sense of nationalism, sectionalism is growing among North, South, and West.
Political alignments shift between North-West and South-West leading to tensions.
Introduction to five major political leaders shaping the era:
John Marshall: Chief Justice of the Supreme Court.
Andrew Jackson: Gained notoriety for military victories, seen as the next national hero.
Henry Clay: Representative of the West from Kentucky, noted for:
Building coalitions and promoting the American System (national bank, protective tariffs, internal improvements).
Serving in Congress and as Speaker of the House.
John C. Calhoun: Represents the South from South Carolina; initially a nationalist but evolves into a strong proponent of state's rights.
Daniel Webster: Advocated for the North, shifting from state's rights to a nationalist perspective over his career.
Banking and Economic Strategies:
Clay pushed for a new national bank (Second Bank of the United States) established in 1816 after the War of 1812.
Implementation of protective tariffs to support American industry.
Focus on internal improvements, although met with sectional opposition due to differing regional benefits.
Panic of 1819: Triggered by a financial crisis, leading to bank failures and economic depression.
Cotton prices decline, European markets begin to self-sustain, reducing dependence on American agriculture.
Discussion about the federal government's role in managing financial crises arises during this period.
1820 crisis arising from Missouri's application for statehood as a slave state, threatening political balance.
Henry Clay: Becomes known as the Great Compromiser for proposing:
Admission of Missouri as a slave state and Maine as a free state.
Establishment of the 36°30′ parallel to divide future states into free and slave regions.
Transition from a one-party system to a developing two-party system after decline of the Federalists.
Election of 1824: Andrew Jackson wins popular vote but no candidate secures enough electoral votes leading to decision by the House of Representatives.
Corrupt Bargain: John Quincy Adams is elected with support from Henry Clay in the House, leading to public perception of corruption.
Emergence of a more organized political system with focus on voter mobilization.
Expansion of voting rights with the repeal of property requirements, enabling broader participation in politics.
Jackson's election characterized by populism, portraying himself as the champion of the common man.
Significant tensions over tariffs, especially the Tariff of Abominations, raising sectional conflicts.
Inaugural festivities at the White House symbolizing a break from elitism, inviting all citizens to participate.
Jackson's election marks a significant shift in American politics, setting the stage for subsequent chapters in history.