5th Period Notes for Weds, November 8

Okiedokie, here's what went on today:
-at first we talked about the Louisiana Purchase of 1803 and then the Louis and Clark expedition of 1804 (Jefferson sends them on this expedition). They were sent to bring back maps, notes, plants, and animals.
Then came the overhead...
West 1803-1804
-in 1804, president Jefferson sent Meriwether Louis and William Clark to explore the Louisiana Purchase area and collect samples for their return to Washington, DC.
-they were sent to navigate the upper Missouri River, cross the Rocky Mountains to the Snake River, follow the stream to the Columbia River, thus reaching Astoria, Oregon.
-soon, settlers began moving into the Louisiana Purchase, particularly the Missouri Territory

Argument over Missouri-in 1809, slaveholding Missouri applied for admission as a state, -this was the firts state to be carved out of the Louisiana Territory

-Missouri raised the issue of the spread of slavery to new territories. Also raised the issue of the south gaining a disproportionate amount of power in Congress because of the extra representation that came from The Three Fifths Compromise. Congressman Tallmadge of New York proposed 2 amendments to the Statehood Bill being considered by Congress. -This barred additional slaves from Missouri. -Mossouri slaves would be emancipated after their 25th birthday. -The north controlled the House of Representatives, the south controlled the Senate. The tallmadge Amendments passed in the House, but not in the Senate and did not become a law. Missouri Compromise was a Legislative Package that: -admitted Missouri as a slave state, admitted new free state of Main after carving it out of Mass., outlawed slavery in Louisiana Purchase north of 36 degrees, 30 minutes north latitude (southern boundary of Mississippi) Thomas Jefferson was distraught . He claimed it scared him like "a firebell in the night." He feared this would divide the public. Panic of 1819 (Several Causes): -European Agriculture was productive; they didn't need the U.S.'s food. -world supply of gold was limited and American Bankers (state banks), covered the shortage by issuing bank notes (paper money). -The Bank of the United States got involved too as the western branch offices got caught up in speculative lending. -To save itself, the Bank of the United States began insisting that banknotes from the state banks that came to the Bank of the United States be redeemed in gold/silver. -This helped the Bank of the United States but forced state banks to demand payment from their own borrowers. -National money and credit system collapsed (first failure of Market Economy). -Panic of 1819 led to a depression. -Employers who couldn't meet debts went out of business. -Lots of people lost their jobs. -Americans nicknamed the Bank of the United States "the Monster." That's all I got...I can't even think of a movie to go with this one besides Blank Check...Because he goes to the Bank. ~Liz Ziek~