The American System was created by Henry Clay. Step one was tax on Imported Goods. Step two was a National Bank. Step three was improvements on roads and canals that is paid for by the money made from the tariff. Clay thought with the improvements on the roads and canals the United States can grow to become even more powerful and wealthy.
Go to this website to learn more about Henry Clay and the American System: http://study.com/academy/lesson/henry-clay-and-the-american-system-lesson-quiz.html
Henry Clay played a central role of the national politics for over forty years. He was secretary of state under John Adams, Speaker of the House of Representatives for a long time and had the most influence of the Senate during its golden age. Clay was actually one of the Warhawks men who believed that war with Great Britain was necessary to keep the overseas markets of American staple producers.
Protective tariffs is a tool countries use to protect domestic industries. They can be in form of taxes, duties, fees, or other restrictions on imported goods. The purpose of protective tariffs is to take care of the growth of local industries and protect them from a lot of cheap foreign goods.
The Rush-Bagot Pact was an agreement between the United States and Great Britain to eliminate their fleets from the Great Lakes, excepting small patrol vessels. The Rush-Bagot Treaty was ratified by the United States Senate on April 16, 1818. One of the important events during Monroe's presidency was the Rush-Bagot Agreement of 1817 that demilitarized the Great Lakes.
American slave owners came to Florida to search for runaway slaves and Indians. The Indians were known as Seminoles. The runaway slaves had started trading weapons with the British throughout the early 1800s and supported Britain during the War. From 1817-1818, the United States Army invaded Spanish Florida and fought against the Seminoles and their African American allies. These battles came to be known as the First Seminole War.
Convention of 1818
The Convention of 1818 was a meeting held in October 1818 to negotiate a treaty between the Monroe administration and the British. The whole point of the Convention was to settle outstanding boundary issues between the U.S and British North America. The Convention of 1818 also established a joint occupation of Oregon by the British and the U.S for the next ten years. The Convention of 1818 marked the beginning of improved diplomatic relations between the U.S and Great Britain.
Panic of 1819
The Panic of 1819 was a crisis in financial and economic conditions after the War of 1812, a period of national problems and the establishment of the Second Bank of America. The Panic was part of a worldwide financial crisis but the Second Bank of America caused the U.S. panic by first extending far too much credit, then restricting it. These banking policies led to runs on state banks, bank closures, foreclosures and bankruptcies.
It was a compromise that was an effort by Congress to defuse the sectional and political enemies triggered by the request of Missouri late in 1819 for admission as a state in which slavery would be permitted. At the time, the United States contained twenty-two states it was evenly divided between slave and free.
Santa Fe Trail
It was a 19th-century transportation route through Missouri and Santa Fe, New Mexico. From 1821 until 1846, it was an international commercial highway used by Mexican and American traders.
To learn more go to this website: http://www.santafetrailks.com/
The Monroe Doctrine is the best known U.S. policy toward the Western Hemisphere. The doctrine warns European nations that the United States would not tolerate further colonization. The doctrine was a concern in both Britain and the United States that the continental powers would attempt to restore Spain’s former colonies, in Latin America, many had become newly independent nations.
Watch the video to learn more about Monroes presidency: http://www.history.com/topics/us-presidents/james-monroe