APUSH Unit 3: Panic of 1819 Flashcards

Questions and Answers

What was largely responsible for the Panic of 1819?

The Second Bank of the US tightening credit (correct)

Too much government spending

The War of 1812

Natural disasters

What were the economic consequences of the Panic of 1819?

Many state banks closed, unemployment rose, bankruptcies increased, and imprisonment for debt sharply increased.

What did the Tallmadge Amendment propose?

Prohibiting the further introduction of slaves and requiring the emancipation of children of Missouri slaves at the age of 25.

What was one provision of the Missouri Compromise?

Admitting Maine as a free state Signup and view all the answers

The Missouri Compromise resolved sectional feelings about slavery permanently.

False Signup and view all the answers

What was the impact of rising sectionalism during Monroe's presidency?

Political factions and sectional differences became more intense. Signup and view all the answers

Match the following terms with their corresponding definitions:

Panic of 1819 = An economic disaster caused by the tightening of credit by the Second Bank of the US. Tallmadge Amendment = Proposed the gradual elimination of slavery in Missouri. Missouri Compromise = A compromise to maintain balance between free and slave states. Developing factions within the Dem-Rep = Supporters vs. Opponents of the political compromise. Signup and view all the answers

Study Notes

Panic of 1819

Significant economic disaster attributed to tightened credit by the Second Bank of the US to control inflation.
Western regions experienced the most severe impacts of the depression.

Impact of the Panic of 1819

Numerous state banks closed, leading to increased unemployment, bankruptcies, and imprisonment for debt.
Nationalistic beliefs were challenged as the economic crisis shifted political perspectives among voters.
Westerners called for land reform and voiced strong opposition to the national bank and debtors' prisons.
The Democratic-Republican Party faced internal divisions; many adopted previously Federalist ideas, such as the maintenance of a strong military and support for a national bank, while some members reversed their earlier stances.

Rising Sectionalism

During Monroe's second term, political factions and sectional differences intensified, marking a shift in national dynamics.

Tallmadge Amendment

Proposed by James Tallmadge as part of Missouri's admission bill, aimed to prohibit further introduction of slaves and emancipate children of slaves at 25.
The amendment was defeated in the Senate due to southern opposition, viewed as a northern attempt to abolish slavery nationwide.

Missouri Compromise

Aimed to maintain a balance between free and slave states following the admission of Vermont (free) and Kentucky (slave).
Missouri's request for statehood raised alarm in the North regarding the potential imbalance favoring the South.
Proposed by Henry Clay:
- Admit Missouri as a slave state.
- Admit Maine as a free state.
- Prohibit slavery in the remaining Louisiana Territory north of latitude 36°30'.
This compromise temporarily alleviated sectional tensions concerning slavery until 1820.

Developing Factions within the Democratic-Republican Party

Internal conflict between supporters of the Missouri Compromise and those who opposed it highlighted emerging factions within the party.

Description

Explore key concepts and definitions surrounding the Panic of 1819 and its impact on American sectionalism in this APUSH unit. These flashcards will help you understand the economic factors and consequences of this significant event in U.S. history.