RESULTS OF THE WAR.--The treaty left the question of impressment unsettled, yet it was tacitly understood, and was never revived. The national debt was $127,000,000, but within twenty years it was paid from the ordinary revenue. The United States had secured the respect of European nations, since our navy had dared to meet, and often successfully, the greatest maritime power in the world. The impossibility of any foreign ruler gaining a permanent foothold on our territory was shown. The fruitless invasion of Canada by the militia, compared with the brave defence of their own territory by the same men, proved that the strength of the United States consisted in defensive warfare. Extensive manufactories were established to supply the place of the English goods cut off by the blockade. This branch of industry continued to thrive after peace, though for a time depressed by the quantity of English goods thrown on the market. The immediate evils of the war were apparent: trade ruined, commerce gone, no specie to be seen, and a general depression. Yet the wonderful resources of the country were shown by the rapidity with which it entered upon a new career of prosperity. [Footnote: The Algerines had taken advantage of the war with England to renew their depredations on American commerce. Decatur, in May, 1815, was sent with a squadron to right matters in that quarter. Proceeding to Algiers, Tunis, and Tripoli, he obtained the liberation of American prisoners, and full indemnity for all losses, with pledges for the future. The United States was the first nation effectually to resist the demands of the Barbary pirates for tribute.] POLITICAL PARTIES.--When Madison's term of office expired, the federalist party had been broken up by its opposition to the war. James Monroe, the Presidential candidate of the republican party, was almost unanimously elected. He was generally beloved, and all parties united in his support. MONROE'S ADMINISTRATION. Monroe's administration was one of general prosperity. After the ravages of war, the attention of all was turned to the development of the internal resources of the country and to the building up of its industries.