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Second Bank of the United States
national bank organized in 1816; closely modeled after the first Bank of the United States, it held federal tax receipts and regulated the amount of money circulating in the economy. The Bank proved to be very unpopular among western land speculators and farmers, especially after the Panic of 1819
Francis Cabot Lowell
Boston merchant who had an idea to combine spinning and weaving under one roof. He formed the Boston Associates. They built a textile mill in Massachusetts. Had all machines needed to turn raw cotton into cloth
a federally funded road begun in 1811 and by 1838 extending from Cumberland, Maryland to Vandalia, Illinois
John Jacob Astor
American fur trader and financier, he founded the fur-trading post of Astoria and the American fur company
men hired by eastern companies to trap animals for fur in the Rocky Mountains and other western regions of the US
Andrew and William Ashley/Rocky Mountain Fur Company
In 1822, they founded the Rocky Mountain Fur Company and recruited white trappers to move permanently into the Rockies. They dispatched supplies annually to their trappers in exchange for furs and skins.
5th president, begins expansionism including Florida and Missouri, as well as reigning over the Era of Good Feelings
Era of Good Feelings
This phrase was coined by a Boston newspaper that was commonly associated with the administration of James Monroe. It represented a time of a sense of nationalism in the country, as well as a sober executive.
The Seminole War
Andrew Jackson commanded Calhoun to do whatever it took in order to stop the Seminole Indians raids on Americans. Calhoun then invaded the Spanish forts St. Marks and Pensacola. This act became known as the Seminole War.
an unregulated, speculative bank that issues notes without sufficient capital to back them
Panic of 1819
This was the first widespread economic crisis in the United States which brought deflation, depression, backrushes, bank failures, unemployment and soup kitchens. This set back nationalism to more sectionalism and hurt the poorer class, which gave way to Jacksonian Democracy.
Compromise worked out by Henry Clay in 1820: slavery would be prohibited in the Louisiana territory north of 36o30'; Missouri would enter the Union as a slave state, Maine would enter the Union as a free state.
"dynasty" comprised of the four of the first five presidents (Washington, Jefferson, Madison, Monroe), all of whom Virginian plantation owners
(JMon) , This was an attempt to have no more slaves to be brought to Missouri and provided the gradual emancipation of the children of slaves. In the mind of the South, this was a threat to the sectional balance between North and South.
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