1. Post War of 1812
... . This rapid economic expansion was not built on a solid foundation, and soon the nation's first financial crisis occurred. The War of 1812 stifled foreign trade with the United Stated and spurred the growth of domestic manufacturing, which mushroomed to fill the gaps left by the declining ... to back them up. This new credit and monetary expansion helped fuel the post 1812 boom. Much of the credit was given to increased land speculation. Henry Clay created the American System which created high tariffs to support internal improvements such as roads. The nation ... particular cotton. Th...
- Word Count: 688
- Approx Pages: 3
- Grade Level: Undergraduate