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National Bank
Charter of first bank of united states freed private and state banks to print their own money -
The Tariff promoted the growth of industry
By embracing a protective tariff, many Democratic Republicans betrayed their former principles. -
Henry Clay
Regarded the protective tariff as part of a larger, ambitious federal program called the American system -
McCulloch v. Madison
Established congress's constitutional authority to create a national bank -
Panic of 1819
financial crisis in the United States followed by a general collapse of the American economy -
James Monre
won reelection as president by receiving almost all of the electoral votes cast. A spirit of nationalism swept the country. -
Cohensv. Virginia
Established the supreme court's right to review state cases involving constitutional questions -
Gibbons v. Ogden
Affirmed congress's right to regulate interstate commerce -
Marshalls Court
encouraged the development of large, farflung business corporations by freeing them from meddling by the states -
Panic of 1837
financial crisis in the United States that touched off a major recession that lasted until the mid-1840s. -
James Fenimore Cooper
first american to make a career as a novelist, his most celebrated novel The LeatherStocking Tales created the enre of frontier adventure tales that persists to this day -
Panic of 1857
declining international economy and over-expansion of the domestic economy.
