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“The Little Magician, Tippecanoe and Tyler Too” (1837-1845). J.A.SACCO. The Election of 1836. Daniel Webster Whig. William H. Harrison Whig. Hugh Lawson White Whig. Martin Van Buren Democrat Continue policies of Jackson.

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the election of 1836
The Election of 1836

Daniel Webster

Whig

William H. Harrison

Whig

Hugh Lawson White

Whig

Martin Van Buren

Democrat

Continue policies

of Jackson.

Whigs supported by anti-Jackson voters, states righter's

against Jackson stance on nullification, those for Clay’s

American System, Northern industrialists.

Why did the Whigs nominate three candidates?

the election of 18361
The Election of 1836

Did the Whig strategy work in the Election of 1836?

the election of 18362
The Election of 1836
  • Why did Van Buren win the election?

Martin Van “Ruin’s” Administration is a disaster. He was no Jackson

and inherited the most severe depression up to that time, the Panic of 1837.

the specie circular
The Specie Circular
  • Issued by Jackson at the end of his presidency.
  • Stated that all land sales had to be paid in gold/silver

(specie)

Problems created by

the Specie Circular?

the panic of 18371
The Panic of 1837

Demand loans

be repaid in

specie

Foreign

Banks

and

Creditors

State Banks

West. Land

Speculators

Exchange bank notes

for gold/silver. Banks

can’t meet demand.

Can’t repay in

specie

Banks fail

Can’t buy

land. No

gold/silver.

Banks want

business

loans to be

repaid in

specie.

Business

can’t pay back

in specie.

Gov’t Can’t

Sell

Western

Land

American Business

Land prices drop!

Businesses close!

the panic of 18372
The Panic of 1837
  • Problem that caused the Panic?

Too much paper currency/no gold or silver, no national bank

  • Result of the Panic?

Because funds had been deposited in state banks which collapsed, U.S. government had to issue special treasury notes to pay its bills

  • Effects of the Panic?

To avoid future problems, Independent Treasury System is created. Government collects taxes in gold and silver and deposits them in sub treasuries throughout the country.

  • What weakness did the Panic make evident?

The need of a National Banking system.

the election of 1840
The Election of 1840

Martin Van Buren (Dem)

William H. Harrison (Whig)

Negatives?

Positives?

the election of 18401
The Election of 1840

Whig Party too strong. Formed by Henry Clay and Daniel Webster.

End of Jackson Era!

tippecanoe and tyler too
Tippecanoe and Tyler Too!
  • Hollow victory for Whigs, Harrison dies after one month in office.
  • Tyler becomes President. Not a true Whig. Put on ballot because he was anti-Jackson.
  • Tyler against Whig policies on Bank/Tariff/Internal Improvements
  • Caused his entire cabinet to resign
  • Webster-Ashburton Treaty (1842) –est. U.S. Canada border from Maine, and boundary from L. Superior to Lake-of-the-Woods.