Essay heading: Era of good feelings

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American History

 

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August 20, 2008

 

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Interstate commerce was argued in Gibbons vs. Ogden. 3. Sectionalism was promoted by several issues. One was the panic of 1819, when people feared for their money. This happened because there was easy credit; state banks leant more than they could of their money. There were speculations about the same thing in the National bank...
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The state chartered banks were forced to keep certain reserves. Another key issue was the Missouri Compromise. It started with early negotiations to add Missouri as a state. With Maine as a free state, and Missouri as a slave state, it was kept even. The Missouri Compromise stated that slavery would now be illegal above the 36% 30 latitude line in the Louisiana Purchase...
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