Party strife decreased as Congressmen
        worked to follow policies that benefited the country as a whole.
 

    Second Bank of the U.S.  (Money link)

        1.  Charter of first national bank ran out
        2.  Wildcat state banks sprang up and
            issued more notes than they could back up with gold or silver.
        3.  Republican leaders rechartered for a new bank
        
 

    Tariff of 1816

    1.  After war Congress passed a new
            protective tariff: placed a high duty (tax) on imported goods.
    2.  This hurt southern farmers who exported to Europe
    3.  Helped northern industry and country as a whole.
Watch Presidency of James Monroe video:

 

    The Era of Good Feelings

    Election of  1816 James Monroe won an easy victory over Rufus King

    A spirit of unity prevailed through Monroe's second term  called "The Era of Good Feelings"

        Speculation:  buying land with the
                    intention of selling at a profit
                    when the market price rises.

        Wildcat banks  recklessly loaned money

        When demand for the land decreased both speculators and banks could not meet financial obligations

        Price of goods fell sharply and country went into a 6 year depression

        1.  Maryland legislature passed a law
            taxing the Baltimore branch of the national bank
        2.  Mc Culloch was a national bank teller who was to collect a state tax from each transaction.
        3.  Chief Justice John Marshall ruled that a state cannot tax the federal government.
Watch 4 min McCulloch video

 

    Gibbons vs. Ogden

        1.  New York state legislature passed a
            law giving a ferrying monopoly to
            Robert Livingston & Robert Fulton
        2.  Gibbons (from New Jersey) refused to obtain a license from New York
        3.  John Marshall ruled that only Congress has the right to regulate commerce (trade) between the states.

    Dartmouth College

        1.  New Hampshire tried to take control of a private institution (Dartmouth College)
        2.  John Marshall ruled in favor of
    Dartmouth College saying that a state does not have the right to interfere with a private institution

        John Marshall's legacy

        1.  Supreme Court continued to hand down decisions favorable to the national government
        2.  Marshall's 34 years broadened the power of national government

Lesson Objectives Students will learn OBJECTIVES: Students will be able to: 1. list 2. explain the difference between 3. describe the 4. chart on a map the 5. define the terms 6. Explain the significance of Knowledge: Recall of data. Comprehension: Understand the meaning, translation, interpolation, and interpretation of instructions and problems. State a problem in one's own words. Application:
Use a concept in a new situation or unprompted use of an abstraction. Applies what was learned in the classroom into novel situations in the workplace. Analysis:
Separates material or concepts into component parts so that its organizational structure may be understood. Distinguishes between facts and inferences.  Synthesis:
Builds a structure or pattern from diverse elements. Put parts together to form a whole, with emphasis on creating a new meaning or structure.

Evaluation:
Make judgments about the value of ideas or materials.