Henry Clay
What party was Henry Clay associated with?
Republican
When did the First U.S. National Bank's charter expire?
1811
When did Britain flood the market?
1812
What was the response from Congress with competion from the British?
Tariffs on British goods.
What were the three distinct sections that developed in the U.S?
North, South, and West
Did Congress agree with Henry Clay's ideas?
No, Congress did not approve of his ideas.
Who passed the bill for the second National U.S. Bank?
President Madison
Who are the top 5 highest scoring players in a single NBA game?
Wilt Chamberlain
Bam Adebayo
Kobe Bryant
David Thompson
Luka Doncic
What was the North's opinion about the tariffs?
They thought it greatly benefited the economy.
Goals and interests are different in different parts of the country
What was Henry Clay's job?
Speaker of the house.
Who decided that there was a need for the National U.S. Bank to return.
Republicans in Congress.
Did the American market buy the British's or American's goods?
The British because of the lower prices and better quality.
When did Congress pass Tariffs
1816, 1818
Did the growing Sectionalism divide the country?
NO
What was the goal of Henry Clay's American system?
What were the results of creating the Second National U.S. Bank?
Restored orders economically and allowed growth of American Business.
What was Britain's goal with flooding the market.
To prevent the Americans from competing with production.
How did the tariffs affect the American economy.
Prices were higher
What did growing Sectionalism bring an end to?
The Era of Good Feeling
List the three basics of American System.
Higher tariffs on imported goods
A new Bank of the United States
Internal improvements
What was the harm with closing the first bank. List 5
State banks did not act wisely
High amount of loans
Inflation
Dollar meant less and less
No space for funds
What were the reasons why the British merchants outcompeted the American merchants.
Had better technology and methods.
Goods were higher quality and sold at lower prices.
Why were southerners against the new taffis
South had less factories, so there was little benefit from the tariffs.
Only saw higher prices on goods they had to buy.
Who represented each distinct section?
Henry Clay of Kentucky for the West, John C. Calhoun of S. Carolina for the South and Daniel Webster of Massachusetts of New England