In a large bowl, combine the warm water and yeast; stir until dissolved. Stir in all of the remaining ingredients except the 1 tablespoon butter. Beat with a spoon until the dough pulls cleanly away from the side of the bowl and is smooth (alternately, you can do this with the dough hook on a stand mixer). Cover the bowl loosely with plastic wrap. Let it rise in a warm place about 1 hour or until doubled in size.
Grease or spray a 10-inch tube pan with cooking spray. Punch down the risen dough with a spoon. Pour the dough evenly into the pan. Cover with plastic wrap; let rise in a warm place about 30 minutes or until the dough is about 1-inch below the top of the pan.
Preheat the oven to 350℉. Bake the loaf for 45 to 50 minutes or until golden brown. Immediately remove the bread from the pan using a knife to loosen the edges if necessary; place the bread on a wire rack. Brush the warm bread with 1 tablespoon of butter. Serve warm slices with butter and jam.