That's mostly correct. The Bonapartists begin in power, with 'State Capitalism' as their economic policy. The discovery of Romanticism boosted Louisiana first to secondary and then, quickly, to Great Power Status. This allowed the colonisation of Idaho.
There's a fabric mill in Louisiana and a steel mill in Missouri. My handful of newly-promoted capitalists are funding a railroad project.
Louisiana doesn't currently have claims to either Texas or parts of Mexico. This may change later, but for now, the senators are just sabre-rattling.
Hope that helps!