After the war of 1812 essay
The economic changes of the years following the War of 1812 varied from new innovations to government policies. Eli Whitney's greatest inventions, the cotton gin and system of interchangeable parts, both helped spur the growing American economy and industrial revolution. The cotton gin improved the output of workers by a thousand percent and in ten years, the production of cotton in the country rose from 5 million pounds to 63 million pounds, thus making the South the leading cotton producer, shipping it to Britain and New England.
Unfortunately, the cotton gin also caused a higher demand for slave labor, and by 1860, approximately 33% of Southerners were slaves. In addition, tariffs helped protect American trade. The British stored goods during the war and flooded them on America when peace was achieved. To combat the inundation of imports, the national government issued a tariff to encourage people to buy American products and stimulate the growth of the economy. State banks would make loans to anyone who needed money to buy land or farm equipment. Afterwards, the country began to fall into depression as Europeans began to buy less expensive cotton from India and bumper crops. State banks failed, and the federal bank foreclosed mortgages on homes, farms and shops. After the war, political changes influenced society significantly. Different issues like the Missouri dispute and the Tariff of 1816 led to sectionalism, dividing the nation. Slavery had been legal in the Missouri territory under French and Spanish rule, but the North and South disagreed on whether it should have been a slave state. The compromise was to permit slavery in Missouri, create Maine as a free state, and leave future states north of 36°30' N latitude as free states. Also, the tariff was supported by the West and North and opposed by the South. Next, Monroe's foreign policy changed how other countries saw the United States