Industrial+Revolution+Group+3

1. Identify why the period after 1812 was considered the “Era of Good Feelings” (p.231). 2. Identify the problems in the economy that were highlighted by the War of 1812 (p. 231). 3. Provide a short biography of Henry Clay before identifying his three-part plan to increase federal involvement in the economy (p. 232). 4. Identify “tariffs” and explain how the Tariff of 1816 helped northern manufacturers and hurt southern planters (pp. 232-230).

1) Who did America place embargoes on, and why did the Americans become more self suffiecient? A: The U.S. had placed embargoes on all foreign nations, which boosted the american economy by forcing America to produce their own goods.

2) Why was the Federalist party dropped? A: The Federalist party angered many Americans by opposing the war of 1812, which caused them to lose political power. The collapse of the Federalist party instituted a period of political party known as the "Era of Good Feelings."

3) What economic problems arose after the war or 1812? 4) Was Henry Clay's "American System" effective? A: Yes, we still hve a national bank and a highway system to connect cities.
 * The treasury was depleted
 * Congress refused to keep the Bank of 1812 going
 * Banks began printing there own currency (notes)
 * With the embargo on all foreign nations, transportation by sea was not possible so merchants would have to transport goods by land, which was costly and slow

5) Who was effected by the Tariff act of 1816? A: The manufacturers were in favor of the act because it made imported goods more expensive, although it hurt the farmers because it raised rates up to twenty-five percent.

6) True or False: The Teriff act of 1816 was the first protective teriff? A: true

7) What were the three parts of Henry Clay's American system? A; National bank, Tax on imported goods, a national transportation system.