Jeniffer electronic book

There was also proposed a policy
of industrial protection which Calhoun supported by arguments so
national in import and scope that they might well have been derived
from Hamilton's report. Under the influence of similar ideas the
National Bank was rechartered; and as the correlative of this
constructive policy, a liberal nationalistic interpretation of the
Constitution was explicitly advocated. As one reads the speeches
delivered by some of these men, particularly by Calhoun, during the
first session of Congress after the conclusion of peace, it seems as if
a genuine revival had taken place of Hamiltonian nationalism, and that
this revival was both by way of escaping Hamilton's fatal distrust of
democracy and of avoiding the factious and embittered opposition of the
earlier period.
The Whigs made a fair start, but unfortunately they ran a poor race and
came to a bad end. No doubt they were in a way an improvement on the
Federalists, in that they, like their opponents, the Democrats, stood
for a combination between democracy and nationalism.


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