McCulloch v.Maryland
Trial during chief Justice John Marchalls reign; involving the state of Maryland& their right to tax the federal bank--sets precedent for the "loose clause"--increased power of Fed, government.
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Chapter 12 - The Second War for Independence and the Upsurge of Nationalism
2nd Bank of the United States
It was a federal establishment operated by the gov't as an attempt to save the welfare of the economy after the War of 1812. It was part of Henry Clay's American System and forced state banks to call in their loans which led to foreclosures and the Panic of 1819.
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Isolationism
Isolationism deals with the Americans trying to separate themselves from foreign affairs. Isolationism takes place on North America and the oceans around it. Washington tries to separate the Americans from all British and foreign continents. Washington displays this in 1793 by the Proclamation of Neutrality and Washington' s Farewell Address in 1796.
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Virginia Dynasty
The last four of the Presidents from Virginia. (Washington, Jefferson, Madison, Monroe) The people wondered if all of the presidents were going to be from Virginia. This "dynasty" ended in 1824.
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Non-intervention
Nonintervention was one of the two features located in the Monroe Doctrine. Monroe declared a new policy on foreign intervention. The policy declared that the United States would not become involved in European affairs. Europe would stay out of the Western Hemisphere 1823 as well.
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Internal Improvements
Henry Clay developed a plan for profitable home markets called the American System in 1824. It enforced a protective tariff to get funding for transportation improvements. These improvements would be the construction of better roads and canals. This would allow industrialization to prosper since the raw materials of the South and West could easily and inexpensively get to the North and East to be manufactured. The manufactured goods could then be shipped back out to the South and West.
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Noncolonization
Noncolonization is part of the Monroe Doctrine that was written in 1823. Noncolonization said that America was closed to anymore colonization. A colonization attempt by anyone would be deemed a threat to the United States. It was created by the U.S. to protect the Western Hemisphere.
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Protective Tariff
It was a tariff imposing 8% on the value of dutiable imports. It was passed by the first Congress. Revenue was the main goal. It was also designed to protect small industries just getting started. Hamilton wanted more protection for the well-to-do manufacturing groups. Congress still had agriculture and commercial interest dominating. This was part of Hamilton's economic plan to support the industrialists.
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Peculiar Institution
Another term for slavery; The owning of human beings existed in a country that practiced liberty.
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Nationalism
Nationalism is a popular sentiment that places the existence and well being of the nation highest in the scale of political loyalties. It's significance lies in it's role of supplying the ties that bond the nation. An important and impressive result of post Revolutionary and 1812 wars, it was growing rapidly and began to cause a national unity the United States had not seen until this point. Citizens began calling themselves Americans over citizens of their states. Nationalism helped further stabilize our newly formed nation on all accounts, including financially.
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