Death (and Resurrection) of the Two Party System: 1815-1828 I. Election of 1816 a. James Monroe (D-R) b. Rufus King (F) and . . . c. Result was no surprise i. __________ won ii. DRs had taken issues of ____________ and ____________ from Federalists iii. Plus, Feds were very unpopular => II. James Monroe a. ____________ plantation owner b. Fought in Revolutionary War => c. Served in Congress, __________________ & as a _____________________ to France d. ____________________ of Virginia e. One of the negotiators of the _________________________ _________________ f. Secretary of State to Madison, 1811-1814 => III. “Era of Good Feelings”, 1816-1824 a. No partisanship => b. Society expanding, growing, building => c. ___________________ strong => d. Marred by . . . IV. Panic of 1819 a. Land Act of 1800 i. Remember the NW Ordinance of 1787? => ii. The Land Act divided . . . iii. Removed ___________ acre minimum purchase requirement iv. Changed to _______ acres at ________ per acre => v. State banks loaned money to . . . b. Causes of the 1819 Panic i. Second Bank of the US’ … 1. Called in loans . . . 2. State banks failed => ii. End of Napoleonic Wars 1. Agricultural prices . . . 2. Lower demand for US manufactured goods => 3. Unemployment => c. Fixing the Panic i. Land Act of 1820 1. Eliminated purchase of federal land . . . 2. Changed to . . . 3. Made western lands _________ _____________________ ii. Regional differences 1. North => 2. South => V. Slavery & the Missouri Compromise a. Missouri becomes first state _________ of Mississippi . . . b. Issues i. Senate balance => ii. Should Western lands . . . c. Tallmadge Amendment i. NY Rep James Tallmadge => ii. Forbid additional . . . iii. Gradual emancipation => iv. Amendment began . . . v. House adopted but . . . d. Henry Clay, Speaker of the House i. Proposed compromise 1. MO … 2. Maine … ii. Preserved … iii. LA Territory division => VI. Election of 1820 a. Monroe ran _________________ b. Monroe wins all but . . . c. GW story => d. Truth => VII. Monroe Administration a. Political ______________ i. No Federalists => ii. Monroe neglected . . . b. Internal development i. Infrastructure construction => ii. Westward _____________________ c. Foreign Affairs i. Gained FL through . . . ii. Monroe Doctrine => VIII. Election of 1824 a. Remember system? => b. 4 presidential candidates i. Andrew ___________________ (State? ______) ECV: ii. John Quincy _______________ (State? ______) ECV: iii. William H. ________________ (State? _______) ECV: iv. Henry _____________ (State? _______) ECV: c. One VP candidate: __________________________ d. So who wins? ______________!!! i. Voting went along . . . ii. ________ ECV needed to win e. No ECV majority, so . . . i. Each state gets _____ vote ii. Vote on top three . . . 1. _____________________ 2. _____________________ 3. _____________________ iii. “Corrupt Bargain” 1. Clay, House Speaker => 2. Clay threw support behind ________________ 3. Adams . . . 4. Adams then appointed Clay ________________________________ f. Fallout from Election of 1824 i. Revival of . . . ii. Democratic-Republican Party SPLITS! 1. Democratic Party => 2. National Republican Party (become Whigs) => IX. John Quincy Adams a. Son of . . . b. Only President to be . . . c. Diplomat under … d. Secretary of State for __________________ e. Main author of . . . X. Adams’ Administration a. Wanted to continue … i. High tariff => ii. National . . . iii. High land prices => iv. National . . . v. Roads & _______________ b. Great opposition to Adams in Congress i. Narrow victory => ii. Jackson & his supporters, resisted Adams =>