HIST 105 Chapter Notes - Chapter 10: Thomas Wilson Dorr, Pet Banks, Indian Removal Act
15 Sep 2016
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Newspapers introduced a new style of journalism appealing to a mass audience by emphasizing sensationalism, crime stories, and exposes of official misconduct. Offered protection to goods that could be produced in the us while admitting tax free those that couldn"t be manufactured at home. Madison was convinced that allowing the national government to exercise powers not mentioned in the constitution would prove dangerous to individual liberty and southern interests. Stimulated demand for loans to purchase land, which local banks and branches of the bank of the us were only too happy to meet by printing more money. Warned that no producers were seeking to use connections with government to enhance their wealth to the disadvantage of the producing classes of farmers, artisans, and laborers of the producing classes of farmers, artisans, and laborers. Believed government should adopt a hands off attitude toward the economy and not award special favors to entrenched economic interests.
