USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

JAMES MADISON AFTER THE WAR OF 1812 THE ERA OF GOOD FEELINGS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why did Madison reinstitute the Bank of the United States?
A
To use for his own financial gain.
B
Because the United States experienced severe inflation and had difficulty in financing military operations during the War of 1812.
C
So he could give the French loans to aid their war effort.
D
None of the above
Explanation: 

Detailed explanation-1: -On June 1, 1812 President James Madison sent his war message to Congress. That message outlined what he believed to be America’s chief diplomatic grievances with Britain: impressment, the British Orders in Council, and Britain’s incitement of Indian warfare on America’s western frontier.

Detailed explanation-2: -The War of 1812 provided tremendous stimulus to American manufacturing. It encouraged American manufacturers to produce goods previously imported from overseas. By 1816, 100, 000 factory workers, two-thirds of them women and children, produced more than $40 million worth of manufactured goods a year.

Detailed explanation-3: -First, the British had begun the practice of impressment, or forcing American sailors into British military service. Britain also imposed trade restrictions on the United States, refused to recognize US neutrality in the European war, and routinely violated neutral shipping rights.

There is 1 question to complete.