The Panic of 1819
Terms in this set (15)
What did much of the economic depression in 1819 pertain to?
Gambling with the Frontier lands
What happens to the Western Lands?
Western Lands begin to Foreclose mortgages
What happens to families in the Western Lands in extreme cases?
Women are taken away from their babies
What is the significance of this Panic?
The panic becomes the seed of Jackson Democracy
Land Act of 1820-
Authorized being able to buy acres at 80 acres for 1.25 dollars per acre
When Missouri is first being proccessed to be amditted to the union, does it request to be a free state or slave state?
A slave state
What is the Almadge Amendment?
Passed by Senate in response to Missouris slave-state request
What does the Almadge Amendment say?
No more slaves are to be brought to Missouri, and all children born to slaves are to be gradually emancipated (freed)
What did Missouri fear?
That all states added from then on would be automatically slave free
revotes and comes in at 11 to 11
After Senate revotes, what is the decision?
Equality is mainained, and the North could not vote for anti-slavery in the south
What was missouri admitted as after the MIssouri Compromise?
What would happen pertaining to maine?
Maine would be broken off of massachussetts and would become a free states to keep the slave/free state ratio Equal
Where was congress allowed to ban slavery under the terms of the MIssouri compromise?
Congress could ban slavery in any other remaining territories noreth of 36 degrees, 30 degrees
Is Monroe relected?
Yes, Monroe is relected
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