what am i even learning atp?
Panic of 1819
the economy fell into a depression bc of the results of the fall of cotton prices, irresponsibility of the state and the National Bank
John Quincy Adams
he became the President over Jackson even though he didn't win the popular vote
Andrew Jackson
He became President to work for the American people-stating he was a friend of the common man
Tariff
tax on imported goods
Henry Clay
He is known as the Great Compromiser for finding a solution to the statehood of free and slave states
Sectionalism
parts of the country were divided for political issues
American System
considered an economic nationalism-parts included: Tariffs, National Bank, and internal improvements
Missouri Compromise
was the solution for the argument of states entering the union as a slave vs. free state
Tariff of 1816
America's first protectionist legislation
Tallmadge
amendment to outlaw slavery
Why did most people oppose federal funding of internal improvements?
taxes from all regions would be used to benefit certain regions