Would you like to merge this question into it? MERGE already exists as an alternate of this question. Would you like to make it the primary and merge this question into it?
The Jefferson embargo had created stimulus for production of factories. This was quite a twist, because Jefferson was always the farmer's friend; he abhorred the ideas of factories and a manufacturing economy. The War in Europe had created a shortage of farm products, and forced upwards the prices of American agricultural products.
This caused an increase in agricultural expansion and wild speculation in farmland. At the same time, cheap manufactured goods from Europe, primarily from Great Britain began to flood the market. This was especially attractive to farmers and planters who could buy tools, etc.
In his First message to Congress after the War, Pres. These ideas, all which pointed towards a strong national government, sounded strangely like Federalist programs. The Bank of the United States: The charter of the Bank of the United States Hamilton's baby had expired inand some financial confusion resulted.
The number of State Banks exploded, which then issued paper money Bank Notes of questionable value. The market soon became flooded with this currency.
This made the bank notes of very uncertain value. Also, the absence of central bank had been a problem for U.
Madison had constitutional principles, the old "strict construction" argument, but took a pragmatic approach; and said that the bank issue had been decided "by repeated recognitions It agreed to handle the government's banking business for free in exchange for its notes being accepted in payment of money owed the government.
There was bitter debate over the bank in Congress, largely along sectional lines. Missouri Senator Thomas Hart Benton said western towns, always currency-poor, would be at mercy of bank.
They may be devoured by it at any moment! They are in the jaws of the monster! A lump of butter in the mouth of a dog!
One gulp, one swallow, and all is gone! America, A Narrative History. Calhoun of South Carolina, still a young man and a War Hawk nationalist, introduced the bill in the House of Representatives and pushed it through.
He said that the Bank was justified by the constitutional power to regulate currency, and said that there was a need for a uniform currency.
Daniel Webster, then of New Hampshire but later of Massachusetts, led Federalist opposition to the bank. The Federalists want the banking center of the U. Opposition to the bank was an odd twist for the Federalists, who had championed Hamilton's bank over the objection of the Republicans.
Later, Webster would move to Massachusetts, and would become a champion of a strong national government; while Calhoun would move in the other direction —towards a "states rights" issue. During Jefferson's Embargo ofcapital investment had shifted towards manufacturing and away from commerce; but when the war was over and peace was restored, cheap foreign goods began to flood the market.In the years prior to the American Civil War, a separate sense of cultural, political and economic identity developed and took hold between the North and the South that helped lead to the conflict.
Sectionalism, which refers to loyalty to a section of a nation rather than to the nation as a whole. The War of Brought About Nationalism and Sectionalism PAGES 2. WORDS View Full Essay. More essays like this: the war of , nationalism and sectionalism.
Not sure what I'd do without @Kibin - Alfredo Alvarez, student @ Miami University. Exactly what I needed.
- Jenna Kraig, student @ UCLA. Nationalism and Sectionalism in America During the Late s and Early s their shared goal laid the foundation for the forces of nationalism and sectionalism in the US.
The two opposing forces worked hand-in-hand to manipulate Americans’ views of one another and the American political and economic systems, though the force of .
The War of inspired American nationalism for many reasons, one of which being that it was the first war that the country fought as an independent nation against a foreign enemy.
Historians have traditionally labeled the period after the War of the "Era of good feelings". Although Nationalism did exist between regions of the United States, this was just a façade.
Underneath this so-called nationalism there was a great deal of regionalism also known as sectionalism. Sectionalism vs Nationalism U.S. Feelings of patriotism and a sense of pride arose after the War of As America fought its Second War of Independence, it set itself on a path to industrial power and regained its sense of r-bridal.comal economies in the country lead to differences between the North and the South.