Answer: The good feelings, perhaps better termed complacency, were stimulated by two events of 1816, during the last year of the presidency of James Madison: the enactment of the first U.S. avowedly protective tariff and the establishment of the second National Bank. With the decline of the Federalists the United States was, in practice if not in theory, a one-party state on the national level; heading the Democratic-Republicans, Monroe secured all but one electoral vote in 1820.
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