Chapter 8 Key Notes:
1. The effects of the War of 1812 on banking, shipping, farming, industry, and transportation. a. The War of 1812 occurred because the British were impeding U. S. shipping. When we won the war, farmers were able to ship their products such as cotton or tobacco overseas. This helped farmers, because they had access to markets. It helped banking because if farmers couldn't ship their products, they had no reason to borrow money. It also helped farmers repay loans they previously got from banks. It helped transportation and shipping, because farmers had to use transportation and ships to get their products to other countries who wanted to buy the raw materials. 2. The “era of good feelings” as a transitional period. b. Party and sectional divisions fell by the wayside during the “era of good feelings” with a president who was determined to heal old wounds, but this spirit of unity did not last. Sectional tensions reappeared during the Missouri debates, which brought the issue of slavery and its expansion to the forefront. 3. The causes of the Panic of 1819 and the effects of the subsequent depression on politics and the economy. c. This is a sad tale told many times over the years. America had just got out of the war of 1812. When the war ended, the economy was still based in a war-time production and along with land speculation and little diversification. well, you get a bad recession. We Americans do many things right but there are times we just don't learn. That, my friend, is one of those lessons not learned. 4. The northern and southern arguments during the debates over the admission of Missouri and how they influenced sectional attitudes. d. During the debate over Missouri’s admission, Congressman James Tallmadge of New York introduced an amendment stating that no more slaves could be brought into Missouri and that all slaves born in Missouri after the territory became a state would be freed at the...
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