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Second Bank of the US is established
Established in 1816 after the first national banks' charter expired; it stabilized the economy by creating a sound national currency, by making loans to farmers, small manufacturers, and entrepreneurs, and by regulating the ability of states banks to issue their own paper currency. -
Rush-Bagot Treaty
The two nations agreed to limit the number of warship on the Great Lakes. -
Establishes the northern boder of the Lousiana Purchase
It settled the disputed north boundary of the Lousiana Purchase by extending it along the 49th parallel westward, from what would become Minnesota to the Rocky Mountains. -
Panic of 1819
A financial calamity in the US brought on by a dramatic slowdown in the British economy and exacerbated by falling cotton prices, failed croups, high inflation, and reckless state banks. -
McCulloh v Maryland
A decision by the Supreme Court ruled unanimously that Congress had the authority to charter the Bank of the US and that states didn't have the right to tax the national bank. -
Adams-Onis Treaty
The countries reached agreement on the northern US borders and the south, with Spain extended the boundaries of the US. -
Missouri Compromise
Legislative decision to admit Missouri as a slave state and abolish slavery in the area west of the Mississippi River and north of the parallel 36^30'. -
Florida
Florida became a US territory. -
Monroe Doctrine
US foreign policy that barred further colonization in the Western Hemisphere by European powers and pled that there would be no American interference with and existing European colonies. -
Gibbons VS Ogden
Supreme Court case that gave the federal government the power to regulate interstate commerce. -
John Quincy Adams "corrupt bargin"
Scandal in which presidential candidate and Speaker of the House Henry Clay secured Adams's victory over Jackson in the election, supposedly in exchange for Clay being named secretary of states. -
Andrew Jackson wins the presidency
A highly contentious presidential election between Jackson and Quincy Adams; Jackson effectively campaigned as a war hero and champion of the "common man" to become the 7th president of the US.
