History

HISTORYThe period from 1815-1828 was a period of political recovery and economic growth that moved the nation forward . The decade had crowd Monroe for president . Save for the Panic of 1819 president Monroe called it an era of favorite feelingsIn 1815 American baccy lost a sizeable deal of the Turkey market The lands in Virginia that used to grow baccy were left to become pine forests . The cultivation of tobacco finished the lands for other agriculture crops . The tobacco farmers sold their slaves to cotton growers . The slaves were go to cultivate sugar instead which was an important commodity in the Gulf CoastThe Southerners aroused cotton on a small-scale . The world of Eli Whitney of a machine that took the cotton off from its seeds do exercise faster and easier for the cotton planters . Production in creased . Soon libertine the planters acquired more lands from those who moved westward Cotton production make small cotton growers big plantation ownersThe Northerners produced wheat , corn yellow , and oats . They raised hogs and cattle . The crops of the north were both for bullion and subsistence charm the south had to alternate their cotton with their subsistence cropsThe government built the Cumberland pike in 1818 and the Erie Canal in 1825 . These eased decease and doing of farm produce to markets . This considerably reduced the time and court of transport of commoditiesIn 1816 there were 246 state-chartered banks , which issued bank nones unrestrained by the US Treasury . Demand deposits rose . Banks financed ancestryes that made money . This underwrite cotton prices upThe manufacturing industry provided employment for everyone , until the Panic of 1918 .

With government allay and private credit funding manufacturers were back in commercial enterprise and experienced rapid and tremendous growthWith interests for expansion , trade and exercise , President James Monroe made a declaration where he ensured the united States will have unrestricted access to the colonies in the western hemispherePresident Monroe addressed Congress on December 2 , 1823 and discussed the new US Foreign Policy . Basically it was close staying away from the affairs of the europiuman powers and maintaining neutrality . Monroe withal warned Europe to do the same with the newly independent states in the Americas . The unite States desire to trade with the Latin Americans and was worried of the mercantilist interests of Spain and France . The join States was also interested about Russia s settle in Alaska and Oregon . To unbosom these fears President Monroe proposed three things for the Americas and Europe to have separate spheres of influence , no to colonization and no to interventionThe British proposed a marijuana fagot declaration which was non acceptable to the United States . John Quincy Adams , the depository of State , opposed it . He thought that the British not exclusively have trade interests in mind only if colonization as well . He added that cooperation with Britain would limit the United States future expansion movesThe United States then proceeded to unilaterally produce that the continents of America must not be subject to...If you expiry to get a full essay, order it on our website: OrderCustomPaper.com

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