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Andrew Jackson’s Presidency: States’ Rights & National Bank Confrontation

Explore Andrew Jackson's presidency, where he tackles states' rights and the national bank, facing challenges like the Nullification Theory and bank opposition. Witness the events, conflicts, and implications during this pivotal period in American history.

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Andrew Jackson’s Presidency: States’ Rights & National Bank Confrontation

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  1. https://www.youtube.com/watch?v=beN4qE-e5O8 7.4 States’ Rights and the National Bank Andrew Jackson confronts two important issues during his presidency—states’ rights and a national bank. NEXT

  2. https://www.youtube.com/watch?v=VNgIUUD7i-A SECTION 4 I. A Tariff Raises the States’ Rights Issue A. The Nullification Theory • Tariff raised 1824, 1828 • Vice-presidentJohn C. Calhoun calls 1828--Tariff of Abominations •Thinks South pays for North’s prosperity; cotton prices low • Calhoun devises nullification theory: - questions legality of applying federal laws to states - state can reject law it considers unconstitutional - states have right to leave Union if nullification denied Continued . . . NEXT

  3. SECTION 4 B. South Carolina Rebels • SC declares 1828, 1832 tariffs null; threatens to secede • Congress passes Force Bill: can use army, navy against S. Carolina • Henry Clay proposes tariff that lowers duties over 10 years NEXT

  4. http://www.history.com/topics/us-presidents/andrew-jackson/videos/jackson-censured-in-bank-warhttp://www.history.com/topics/us-presidents/andrew-jackson/videos/jackson-censured-in-bank-war SECTION 4 II. Jackson Attacks the National Bank A. Jackson Opposes the Bank • Jackson vetoes bill to recharterBank of the United States • Presents bank as privileged institution that favors the wealthy – stockholders not the average taxpayer earned interest • Congressmen given loans at lower rates than average citizen B. Pet Banks • Jackson puts federal money in state banks loyal to Dem. Party • BUS president Nicholas Biddle unsuccessfully tries to save bank C. Whig Party Forms • People unhappy with Jackson formWhig Party NEXT

  5. https://www.youtube.com/watch?v=2MT1ZkfxEc8 SECTION 4 https://www.youtube.com/watch?v=WT2oboEn8-Q III. Van Buren Deals with Jackson’s Legacy A. Jackson’s Legacy • Rush to exchange paper money for specie, banks stop taking paper •Panic of 1837—bank closings, collapse of credit system: - people lose savings, businesses bankrupted - more than 1/3 of population out of work • Van Buren tries unsuccessfully to solve economic problems Continued . . . NEXT

  6. http://www.history.com/topics/us-presidents/william-henry-harrisonhttp://www.history.com/topics/us-presidents/william-henry-harrison SECTION 4 B. Harrison and Tyler • WhigWilliam Henry Harrisonbeats Van Buren in 1840 election • Dies one month later from pneumonia; succeeded by vice-presidentJohn Tyler “His Accidency” NEXT

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