The Era of Good Feelings and Early American Politics (1815-1825)
The Era of Good Feelings political unity emerged following the War of 1812, marking a unique period of apparent national harmony. This era saw the decline of the Federalist Party and the rise of Democratic-Republican dominance under President James Monroe. His election victories in 1816 and 1820 reinforced this sense of political consensus, though underlying tensions remained.
The acquisition of Florida through the Adams-Onis Treaty in 1819 expanded American territory and resolved boundary disputes with Spain. This diplomatic achievement strengthened U.S. influence in North America and demonstrated the nation's growing power. The treaty's $5 million purchase price and establishment of the Sabine River boundary represented significant diplomatic and territorial gains.
The Panic of 1819 economic crisis factors created the first major financial downturn in American history. Multiple elements contributed to this crisis, including speculative land purchases, loose banking practices, and the controversial policies of the Second Bank of the United States. The panic's effects rippled through the economy, leading to widespread foreclosures and unemployment.
Definition: The Era of Good Feelings 1815−1825 was a period characterized by reduced partisan tensions and increased nationalism following the War of 1812, though significant economic and sectional challenges emerged during this time.