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Political Duels. Finish the Concept Attainment. Background… John C. Calhoun (early a nationalist- proposed a protective tariff that may benefit South Carolina). Tariff of 1824 33 1/2c Tariff of 1828 33 49c- politically motivated to get votes for Jackson

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political duels
Political Duels

Finish the Concept Attainment

the tariff

Background… John C. Calhoun (early a nationalist- proposed a protective tariff that may benefit South Carolina).

  • Tariff of 1824 33 1/2c
  • Tariff of 1828 33 49c- politically motivated to get votes for Jackson
  • Abominations (tariffs and internal improvements)… taxing the South to benefit the North
The Tariff
jackson calhoun divide

John Calhoun VP

  • Exposition of 1828- nullification is introduced- secretly authored by Calhoun
  • 1) Federal government was a compact between states
  • 2) sovereignty was indestructible
  • Webster Hayne Debate (catering to the West)- people not the states
  • “Liberty and Union, now and forever, one and inseparable!”
  • Jefferson Day Toast
  • Jackson- “Our Federal Union- it must be preserved!”
  • Calhoun- “The Union- next to our liberty, the most dear!”
Jackson Calhoun Divide
tariff 1832

Henry Clay proposed…

  • 49 c- reduced
  • South Carolina
  • Order of Nullification (stop collection of the tariff- immediate secession if threatened by the Federal government).
  • Force Bill- Army to collect tariff (paper war)
Tariff 1832
the bank of the us

Nicholas Biddle- President of the Bank

  • A sectional issue
  • Northeast vs. South & West
  • West bound to the east by tight money restrictions and lack of circulating $
THE BANK OF THE US
election of 1832

Democratic party organized- donkey as the symbol. Nominated Jackson and Van Buren.

  • Jackson 219
  • Clay 49
  • At issue- the rechartering of the BUS 1836.
Election of 1832
mandate destroy the monster

Jackson, reelected, did not wait for the bank’s charter to end- he tried to deprive it of money.

  • Pet Banks (federal money deposited here instead of the BUS)

Government also generated a surplus, but Jackson did not want to spend on internal improvements (ie Maysville Road Bill- vetoed).

  • Wildcat Banks
Mandate? Destroy the Monster
speculation devaluation

Specie Circular- only use hard cash and not folding money for land purchases

  • Panic of 1837
  • Depression
  • Formation of Wall Street as the banking center.
Speculation & Devaluation
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