4th Period Notes-Wed. November 8

Okay so basically we talked a lot about the elections that were held yesterday. Good times. Then we looked at some notes from the overhead. :) 1803 LOUISIANA PURCHASE AND MISSOURI TERRITORY 1804-Lewis and Clark expedition -sent to explore new land acquired from Louisiana Purchase -brought back plants and animals to be studied -navigated the upper Missouri River, crossed the Rockies to the Snake River and followed that stream to the Columbia River reaching Astoria, Oregon -settlers soon began to move to Louisiana territory, especially into the Missouri Territory Argument over Missouri -in 1819, slaveholding Missouri applied for admission as a state -first state out of Louisiana Territory -raised the issue of the spread of slavery into new territories, also gave the South a disproportionate amound of power in Congress because of the 3/5ths Compromise -Congressman Tallmadge from New York tried to pass anti-slavery amendments known as the Tallmadge Amendment + bar additional slaves from entering Missouri territory + emancipate Missouri slaves born after its statehood when the slave reached their 25th birthday *amendments passed in the Northern state controlled House of Representatives but did not pass in the Southern controlled Senate -----> NO -any new states coming in about the 30 degrees North line of latitude had to be free states (this applied only the the area gained in the Louisiana Purchase) PANIC OF 1819 causes: -European agriculture was again productive, reducing demand for American farm products -world supply of gole was limited and American bankers (state banks) covered the shortage by issuing banknotes (paper money) -National Bank insisted that the paper money be backed by gold and silver -the state banks had to start demand payment on loans to get gold and silver -people who could not afford to pay in gold and silver had their land taken away (foreclosure) -people associate banks with foreclosure and resent banks, specifically, refering to the National Bank as "the monster" -the national money and credit system collapsed and deppression, failed businesses, and high unemployment ensued

CFHS AP US History