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Chapter 12 Overview. The American System. Henry Clay envisioned a strong and independent national economy aided by the federal government. He believed that the federal government should:
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The American System Henry Clay envisioned a strong and independent national economy aided by the federal government. He believed that the federal government should: • establish protective tariffs: (a tax on imported goods that protects a nation’s business from foreign competition). • establish a national bank that would promote a single currency and abundant credit (making trade easier). • invest in internal improvements, mostly transportation systems (again making trade within the US cheaper and easier)
Missouri Compromise • Missouri would be admitted to the union as a slave state • Maine would be admitted to the union as a non-slave state • Slavery would be prohibited in the remainder of the Louisiana Purchase north of the 36° 30’ line (southern border of MO).
The Marshall Court • McCulloch vs. Maryland • Gibbons vs. Ogden • Fletcher vs. Peck • Dartmouth College vs. Woodward
Florida • The Adams-Onís Treaty of 1819 (also known as the Transcontinental Treaty of 1819, and sometimes the Florida Purchase Treaty) was a historic agreement between the United States and Spain. In addition to granting Florida to the United States, the treaty settled a boundary dispute along the Sabine River in Texas and firmly established the boundary of U.S. territory to the Rocky Mountains and the Pacific Ocean.
Monroe Doctrine • The Americas should be closed to future European colonization and free from European interference in sovereign countries' affairs. • The United States' intended to stay neutral in European wars and in wars between European powers and their colonies (unless American interests were involved). • The US would consider any new colonies or interference with independent countries in the Americas as hostile acts toward the United States.
Cont. Notes: • Written by John Quincy Adams • It did NOT pledge that the US would abstain from claiming any former part of the Spanish empire (as Britain had wanted)