This period began with a burst of nationalistic enthusiasm and in those years one party, the Democratic-Republicans dominated the nation's politics. The Second Band of the United States, after much heated debate, was charted by Congress was charted by Congress, in the wake of the debacle of public finance during the War of 1812 and the suspension of specie payments by private banks in 1814. The United States government owned 20 percent of the stock and named 5 of it's 25 board of directors. James Monroe is elected the 5th President of the United States.
First steamboat operates on Mississippi.
The Bonus Bill for federal aid to roads is vetoed. The American Colonization Society is founded. 1817-1825 Construction of Erie Canal in New York State. Adam-Onis Treaty resulted in the acquisition of Florida. This treaty also defined the boundary between Louisiana Purchase and Spanish possession to the Southwest.