So Called Era of Good

Feeling
Only One
Dominant Party
• Federalists lose all but 40 seats
that they held in Congress and
can no longer stop any laws from
the Democratic Republicans
• Democratic Republicans, led by
James Monroe, sweep across the
nation on a goodwill tour that
was well received
• Newspapers labeled this tour as
the “Era of Good Feelings”
James Monroe
• Monroe rides the wave of popularity into being elected as the 5th U.S.
president in 1817
• His major goals are to strengthen American defenses against
European influence and to strengthen the American economy
• Monroe creates a deal to buy Florida from Spain in 1819
• This was the 9th state to be added since the original 13
Problems Shatter any Good Feelings
• Economic recessions
• National Banking crisis
• Conflict over slavery
• Sectionalism (Geographic Discriminations)
Panic of 1819

• Because so many new states were

being added into the US,
speculators were investing heavily
into land in the new states
• Every bank could also print their
own currency
• National bank was supposed to
make one single national currency
Panic of 1819

• Instead, national bank issued loans to state

and local banks which made the problem
even worse
• Lots of speculators made bad loans and
when they finally had to start paying back
all of their loans they couldn’t. This meant
the banks wouldn’t have any money either
and the banking industry collapsed
• People worried about losing their money
and made a run on a bank
• This had a ripple effect across the entire
economy
Panic of 1819
• First panic since Washington (1789)
• Caused by rich people making bad loans to make huge sums of money
• Poor people in the West hurt the worst. Banks would call in their
loans early and would foreclose on anyone who couldn’t pay
• They feel betrayed by the Democratic Republicans
Missouri Compromise

• Missouri petitioned Congress for statehood

in 1818 but wanted to come into the Union
as a slave state. This would leave more
slave states than free states
• Would push slavery past the Mississippi
into the West
• Northern States had more population and
had more power than the South in the
House of Representatives and tried to pass
the Tallmadge Amendment that would stop
any new slaves from being brought into
Missouri and would emancipate all newly
born children from enslaved parents
Missouri Compromise
• Because there were an even number of slave and free states,
Southern politicians were able to kill the amendment in the Senate
• Tallmadge Amendment scares Southern elite. They see that the North
has set a precedent for trying to abolish slavery and will not allow it to
happen
• Southern elite also start to worry that if they lose control over the
Senate that Congress could abolish slavery in existing states
• This made the South fight hard to make sure that Missouri would be a
slave state
Missouri Compromise
• Congress was in a stalemate until a compromise over Missouri was
made
• It would limit all slave states to below the 36º 30’ latitude, but
Missouri would be allowed to remain a slave state
• Neither the South nor the North liked it, but it allowed the U.S. to
function for the next 30 years
Monroe’s
Second Term
• Monroe elected again in
landslide victory in 1820
• Federalists refuse to vote for
Democratic Republican with 1
electoral vote
• The Federalist party was seen
as petty and as a joke on the
national stage
Monroe Doctrine
• Monroe focuses his second term on ensuring there will be no more
European colonization in the Western Hemisphere after Spain loses
control over its colonial lands
• His doctrine had 4 basic points: The U.S. would not interfere in EU
wars
• The U.S. recognized and would not interfere with existing colonies
already in Western hemisphere
• The Western Hemisphere was closed to further colonization
• Any attempt to colonize by EU would be considered an act of war
against the U.S.
Answer the Questions on Your Organizer
• By what authority did Monroe issue this doctrine?
• Why do you think Monroe made the Western Hemisphere off limits to
EU countries?
• Did Monroe have the power to keep out EU countries if they did try
and colonize?
• Does the Monroe doctrine apply to American colonization?