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second bank of the united states is established
the Second Bank was chartered by President James Madison in 1816 and began operations at its main branch in Philadelphia on January 7, 1817, managing twenty-five branch offices nationwide by 1832. -
Rush-Bagot Treaty between the United States and Great Britain
The Rush-Bagot Treaty took place between the United States and Great Britain following the War of 1812 and its goal was to significantly eliminate both countries' burgeoning naval fleets stationed in the Great Lakes. -
The Convention of 1818 establishes the northern border of the Louisiana Purchase at the 49th Parallel
The Convention of 1818 was a treaty between the United States and Britain that set the 49th parallel as the boundary between British North America and the US across the West. Cutting on the 49th parallel, on the right bank of the Moyie River, looking west, 1860 -
Panic of 1819
The Panic of 1819 was the first major peacetime financial crisis in the United States. It was followed by a general collapse of the American economy that persisted through 1821. -
congress accepts the Missouri Compromise
On March 3, 1820, Congress passed a bill granting Missouri statehood as a slave state under the condition that slavery was to be forever prohibited in the rest of the Louisiana Purchase north of the 36th parallel, which runs approximately along the southern border of Missouri. -
Maine and Missouri become States
On March 3, 1820, the decisive votes in the House admitted Maine as a free state, Missouri as a slave state, and made free soil all western territories north of Missouri's southern border. ... Missouri so agreed and became the 24th state on August 10, 1821; Maine had been admitted the previous year on March 15. -
President Monroe announces the Monroe Doctrine
The Monroe Doctrine was articulated in President James Monroe's seventh annual message to Congress on December 2, 1823. The European powers, according to Monroe, were obligated to respect the Western Hemisphere as the United States' sphere of interest. -
Supreme Court issues Gibbons v. Ogden decision
Gibbons v. Ogden, 22 U.S. (9 Wheat.) 1 (1824), was a landmark decision in which the Supreme Court of the United States held that the power to regulate interstate commerce, granted to Congress by the Commerce Clause of the United States Constitution, encompassed the power to regulate navigation. -
Andrew Jackson wins Presidency
Andrew Jackson won a plurality of electoral votes in the election of 1824, but still lost to John Quincy Adams when the election was deferred to the House of Representatives (by the terms of the Twelfth Amendment to the United States Constitution, a presidential election in which no candidate wins a majority of the ...
