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This was an era of good feelings because the positives massively outweigh the negatives. The lows are low, but, arguably, the highs are even higher. Things such as the Panic of 1819, in which the BUS increased interest rates and started to foreclose the land on which some farmers lived obviously were large negatives, but these are offset by things such as the massive amount of land and states that are gained during this time period from things such as the Lousiana Purchase and the Adam Onis treaty. With the rapidly growing population and economy, more land is always better. Even with the negatives such as the Panic of 1819, this time period was still an era of good feelings, because it had many positives such as the massive amount of land gained from the Louisiana Purchase and the Adam Onis treaty.

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The panic of 1819 was a massive financial crisis that occurred as a result of the massive quantities of speculation occurring in public lands. The BUS began to increase interest rates on loans, and when the owners could not pay, they began to foreclose on the mortgaged homes, farms, and land. This caused widespread resentment of the BUS.

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Economic: Completion of the Erie Canal (1825)

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Economic: Completion of the Erie Canal (1825)

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Completion of the Erie Canal was a massive victory for trade in and out of the States. This allowed more places to have direct trade with New York, which was rapidly becoming one of the largest shipping ports in the world because of its geographic gifts andease of acess.

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Political: Split of the Rep. Party (1824)

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Political: Split of the Rep. Party (1824)

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The Democratic-Republicans split into the Democrats and the Whigs in the election of 1824. This, like many things in early America, is caused by disagreements over slavery.

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Economic: Start of the American System (1824)

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Economic: Start of the American System (1824)

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The American System entailed a lot of changes in the economic landscape of America. It included the opening of new trade routes throughout the states that allowed for much easier trade. It also included many different factory advancements. This had large upsides and downsides, but the massive possible production from these factories is hard to ignore.

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The Monroe Doctrine was basically a declaration of a highly defensive Us foreign policy position. In a message delivered by James Monroe, it said that the States would not tolerate any intervention in their political affairs by foreign powers, and that this could be viewed as a hostile act against us.

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Political: Expansion of Voting Rights (1820s)

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Political: Expansion of Voting Rights (1820s)

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The expansion of voting rights that happened in the 1820s was largely a result of the panic of 1819, in which a lot of people lost their land. Since at this point in history only white men with land could vote, this took out a lot of eligible voters, and they were not happy about it. Therefore, the restriction of needing to own land to vote was removed.

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The Missouri Compromise was legislature concerning slavery and the addition of new states to the US. This legislature decided that Missouri could be accepted as a slave state and Maine would be accepted as a free state, to keep the balance between slave and free states.

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Political: Jackson in FL/Adam Onis Treaty (1819)

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Political: Jackson in FL/Adam Onis Treaty (1819)

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The Adam Onis or Transcontinental Treaty was a treaty that defined the borders of the land acquired during the Louisiana Purchase. This treaty included Florida in the US and recognized that the Spanish had control over Texas and that it was their land. This expanded the land of the States.

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Political: Recharter of the Bank of the US (1816)

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Political: Recharter of the Bank of the US (1816)

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The recharter of the bank of the US occurred in 1816 and restated the strength of soft money over hard money, because this had been doubted previously. It created a central currency so that inter-state commerce among other things would be streamlined and easier. Although president at the time Andrew Jackson strongly opposed the BUS, a lot of the people of the states disagreed, and thought that it was a good thing.

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Political: Death of the Federalist Party(1816)

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Political: Death of the Federalist Party(1816)

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The death of the Federalist Party occurred in 1816 and started a large shift in the political landscape. At the end of the war of 1812, many Americans viewed the Federalists as traitors. It also had no strong leader since John Adams had retired and Alexander Hamilton died a decade earlier. All of these factors lead to the eventual demise of the party.

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The Louisiana purchase massively increased the amount of land that we could make states in. The Louisiana purchase happened in 1803 and gave us a lot of western land for a very good deal. It included land from modern day Arkansas to Montana. This was massively beneficial to just about everyone (except natives, but not a lot of early American history is beneficial to natives) because it gave so much land for the US to expand into.