Tariff of 1816: Primarily protective, rates: 20-25% on the value of dutiable imports, started and stimulated the appetites of the protected for more protection.
Henry stiffs American brass involved ideas such(prenominal) as federal support for indispensable improvements, tariff protection for new industries, and the rechartering of the national bank that mud proclaimed would help make the nation economically self- sufficient. This carcass led to Congress chartering the Second Bank of the United States and enacting a moderate tariff. However, after the War of 1812, when Congress tried to twist an internal improvements bill that was to be federally supported, Madison vetoed it, claiming that a constitutional amendment was needed in order to permit such improvements.
John Quincy Adams, son of former president John Adams, and escritoire of State to James Monroe became president in 1824. He make several decisions that made his presidency controversial and ensured him a sing-term presidency. He alienated supporters by appointing his opponents to high office. As well, he anger southerners by sending American delegates to a conference of newly independent Latin nations, thus recognizing Haiti (the Black republic created by slave revolutionaries.).
In addition, his administration was marred by charges of a corrupt bargain, levied by Jacksons supporters (during the election of 1824, none of the three candidatesJQ Adams, Andrew Jackson, and Henry stiffhad achieved a majority of the electoral votes and the decision had been transferred to the House; however, when Clay threw in his support to Adams in exchange for his appointment as Secretary of Stae, Jackson cried foul). This election led to the division of the parliamentary Republican Party.
Panic of 1819 was a period of economic recession under James Monroe. State banks issued their own bank notes, promise to pay the holder a certain amount of capital in gold or silver. This led to more acquire and use of credit because the bank...If you want to get a in force(p) essay, order it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.