Ch.9 The Age of Jackson

1. Ch.9 The Age of Jackson Section 2- Jackson’s Administration Sectional Differences Increase Jackson Attacks the Bank Panic of 1837 States’ Rights Debate • Many Americans views of Jackson’s policies depended on where they lived • Jackson opposed 2nd Bank of U.S. • 2nd Bank had 20 yr charter as federal governments financial agent • Jackson thought bank was unconstitutional • McCulloch v. Maryland ruled bank constitutional • Jackson weakened bank by moving most funds to state banks • These banks loaned money at easy credit terms – this led to inflation • Jackson did not run for president in 1836 • Jackson supported his VP Martin Van Buren and he won • Whig Party forms in 1834 but cannot defeat Van Buren • After Van Buren took office a severe economic depression occurred • Panic of 1837 was fault of Jackson’s economic policies but Van Buren got blamed • Whigs stand with William Henry Harrison & defeat a weakened Van Buren in 1840 • Jackson had to deal with the tariff issue • Could a state disregard a law passed by Congress? Three Regions Emerge Tariff of Abominations The Hayne-Webster Debates Nullification Crisis Northern business demand tariff on foreign goods North- trade & manufacturing economy Haynes argued nullification was lawful protest of federal law VP Calhoun joined south in protest of tariff Jackson Responds South – farming & slave based economy John Quincy Adams signs Tariff of Abominations Calhoun argued state power greater than federal power Webster argued welfare of nation overrides individual states Jackson urges Congress to lower tariff- not enough for SC Jackson gets Force Bill, Clay makes a compromise. Crisis settled Tariff added fuel to growing sectional differences West – frontier economy just emerging Calhoun resigns as VP replaced by Martin Van Buren

2. Ch.9 The Age of Jackson Section 2- Jackson’s Administration Sectional Differences Increase • Many Americans views of Jackson’s policies depended on where they lived • Many Americans views of Jackson’s policies depended on where they lived Frontier West Cotton Plantation South Boston Wharf North

3. Ch.9 The Age of Jackson Section 2- Jackson’s Administration Sectional Differences Increase • Many Americans views of Jackson’s policies depended on where they lived Three Regions Emerge Three Regions Emerge North- trade & manufacturing economy North- trade & manufacturing economy

4. Ch.9 The Age of Jackson Section 2- Jackson’s Administration Sectional Differences Increase • Many Americans views of Jackson’s policies depended on where they lived Three Regions Emerge North- trade & manufacturing economy South – farming & slave based economy South – farming & slave based economy

5. Ch.9 The Age of Jackson Section 2- Jackson’s Administration Sectional Differences Increase • Many Americans views of Jackson’s policies depended on where they lived Three Regions Emerge North- trade & manufacturing economy South – farming & slave based economy West – frontier economy just emerging West – frontier economy just emerging

6. Ch.9 The Age of Jackson Section 2- Jackson’s Administration Sectional Differences Increase • Many Americans views of Jackson’s policies depended on where they lived Tariff of Abominations Tariff of Abominations Northern business demand tariff on foreign goods Northern business demand tariff on foreign goods

7. Ch.9 The Age of Jackson Section 2- Jackson’s Administration Sectional Differences Increase • Many Americans views of Jackson’s policies depended on where they lived Tariff of Abominations Northern business demand tariff on foreign goods John Quincy Adams signs Tariff of Abominations John Quincy Adams signs Tariff of Abominations

8. Ch.9 The Age of Jackson Section 2- Jackson’s Administration Sectional Differences Increase • Many Americans views of Jackson’s policies depended on where they lived Tariff of Abominations Northern business demand tariff on foreign goods John Quincy Adams signs Tariff of Abominations Tariff added fuel to growing sectional differences Tariff added fuel to growing sectional differences

9. Ch.9 The Age of Jackson Section 2- Jackson’s Administration • Jackson had to deal with the tariff issue • Could a state disregard a law passed by Congress? States’ Rights Debate • Jackson had to deal with the tariff issue • Could a state disregard a law passed by Congress?

10. Ch.9 The Age of Jackson Section 2- Jackson’s Administration States’ Rights Debate • Jackson had to deal with the tariff issue • Could a state disregard a law passed by Congress? Nullification Crisis Nullification Crisis VP Calhoun joined south in protest of tariff VP Calhoun joined south in protest of tariff

11. Ch.9 The Age of Jackson Section 2- Jackson’s Administration States’ Rights Debate • Jackson had to deal with the tariff issue • Could a state disregard a law passed by Congress? Nullification Crisis Nullification Crisis VP Calhoun joined south in protest of tariff VP Calhoun joined south in protest of tariff

12. Ch.9 The Age of Jackson Section 2- Jackson’s Administration States’ Rights Debate • Jackson had to deal with the tariff issue • Could a state disregard a law passed by Congress? Nullification Crisis VP Calhoun joined south in protest of tariff Calhoun argued state power greater than federal power Calhoun argued state power greater than federal power

13. Ch.9 The Age of Jackson Section 2- Jackson’s Administration States’ Rights Debate • Jackson had to deal with the tariff issue • Could a state disregard a law passed by Congress? Nullification Crisis VP Calhoun joined south in protest of tariff Calhoun resigns as VP replaced by Martin Van Buren Calhoun argued state power greater than federal power Calhoun resigns as VP replaced by Martin Van Buren

14. Ch.9 The Age of Jackson Section 2- Jackson’s Administration States’ Rights Debate • Jackson had to deal with the tariff issue • Could a state disregard a law passed by Congress? The Hayne-Webster Debates The Hayne-Webster Debates Haynes argued nullification was lawful protest of federal law Haynes argued nullification was lawful protest of federal law

15. Ch.9 The Age of Jackson Section 2- Jackson’s Administration States’ Rights Debate • Jackson had to deal with the tariff issue • Could a state disregard a law passed by Congress? The Hayne-Webster Debates Haynes argued nullification was lawful protest of federal law Webster argued welfare of nation overrides individual states Webster argued welfare of nation overrides individual states

16. Ch.9 The Age of Jackson Section 2- Jackson’s Administration States’ Rights Debate • Jackson had to deal with the tariff issue • Could a state disregard a law passed by Congress? Jackson Responds Jackson urges Congress to lower tariff- not enough for SC Jackson Responds Jackson urges Congress to lower tariff- not enough for SC

17. Ch.9 The Age of Jackson Section 2- Jackson’s Administration States’ Rights Debate • Jackson had to deal with the tariff issue • Could a state disregard a law passed by Congress? Jackson gets Force Bill, Clay makes a compromise. Crisis settled Jackson Responds Jackson urges Congress to lower tariff- not enough for SC Jackson gets Force Bill, Clay makes a compromise. Crisis settled

18. Ch.9 The Age of Jackson Section 2- Jackson’s Administration Jackson Attacks the Bank • Jackson opposed 2nd Bank of U.S. • 2nd Bank had 20 yr charter as federal governments financial agent • Jackson thought bank was unconstitutional • McCulloch v. Maryland ruled bank constitutional • Jackson weakened bank by moving most funds to state banks • These banks loaned money at easy credit terms – this led to inflation • Jackson opposed 2nd Bank of U.S. • 2nd Bank had 20 yr charter as federal governments financial agent • Jackson thought bank was unconstitutional • McCulloch v. Maryland ruled bank constitutional • Jackson weakened bank by moving most funds to state banks • These banks loaned money at easy credit terms – this led to inflation

19. Ch.9 The Age of Jackson Section 2- Jackson’s Administration Panic of 1837 - Jackson did not run for president in 1836 - Jackson supported his VP Martin Van Buren and he won - Whig Party forms in 1834 but cannot defeat Van Buren - After Van Buren took office a severe economic depression occurred - Panic of 1837 was fault of Jackson’s economic policies but Van Buren got blamed - Whigs stand with William Henry Harrison & defeat a weakened Van Buren in 1840 • Jackson did not run for president in 1836 • Jackson supported his VP Martin Van Buren and he won • Whig Party forms in 1834 but cannot defeat Van Buren • After Van Buren took office a severe economic depression occurred • Panic of 1837 was fault of Jackson’s economic policies but Van Buren got blamed • Whigs stand with William Henry Harrison & defeat a weakened Van Buren in 1840

20. Ch.9 The Age of Jackson Section 2- Jackson’s Administration Sectional Differences Increase Jackson Attacks the Bank Panic of 1837 States’ Rights Debate