James Monroe was the president during this time, going into office at age 61.
Tariff of 1816The US Tries to make Americans buy goods made in the US so they start rising the taxes on Britain's goods. The plan backfires and Britain starts taxing our goods more.
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Panic of 1819The Second Bank of The United States was causing financial crisis in the west. They were pulling back credit on state banks.
The Second Bank of The United States made western banks foreclose farmers who could not payback their debt. this made a lot of farmers lose their land. The Second Bank of The United States was called "evil" after. |
Missouri CompromiseAs the US was spreading west states were arguing on who could and could not permit slavery. When Missouri applied for statehood the argument on how the balance of free and slave states arose. At the end Missouri was declared a slave state and Maine was a free state.
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Rush-Bagot Treaty
This treaty made all british soldiers be removed form the Great Lakes and frontier borders, they also created the longest border in the world with British North America.
Adams-Onis Treaty
After the war of 1812 the Adams-Onis treaty was made, thus buying the Florida territory from Spain in 1819.