The beginning of the Era of Good Feeling began after the end of the War of 1812 (1812-1815), which caused a sharp rise in nationalism among the population . The war had a considerable economic impact soon after its end. At the end of the war, “American imports and exports exploded.” Demand for American products in Europe has soared. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay “European demand for American products, especially agricultural commodities like cotton, tobacco, and flour, increased. » Due to the growing demand for goods, more land was needed to meet it. There was not enough territory, however, making expansion necessary. At that time, there was less and less paper money. tickets, which was an easy way to get credit. When people wanted to recover their credit so they could buy more land for farming, banks paid in silver and gold. Since so many people wanted land, they all started collecting. When they withdrew all the silver and gold from a bank, the banks had to start stopping payments, with a combination of stopping payments and "increasing agricultural yields in Europe" which has “reduced demand for U.S. agricultural products.” "Farmers who had just purchased enormous amounts of land found little or no use for it, triggering the Panic of 1819 and a depression." With cash reserves exhausted, many American banks went bankrupt and other companies followed. Unemployment soared and in some areas it was difficult to obtain food and other necessities.” At the same time the economy was suffering, the political side of the United States was also suffering. During this time, a bill was trying to pass to add the Missouri Territory to the United States. The southern states had no problem with the Missouri Territory becoming part of the United States as a slave state, but the northern states objected. “Finally, in March 1820, Speaker of the House Henry Clay conceived the plan. Missouri Compromise: Congress admitted Missouri as a slave state while admitting Maine, which was now part of Massachusetts, as a free state. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay Additionally, the agreement declared that the remainder of the Louisiana Territory above the 36°30 parallel – the southern boundary of Missouri – was to be free from slavery. This Missouri crisis was the beginning of the “sectionalization of slavery based on national policy.” So the era of good feeling began well with agriculture and the economy booming, but quickly fell into a depression after demands dwindled and the banks fell, and the political part of slavery. the United States also began to experience a crisis, causing the fall of the era.