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Jackson & the Bank After the 1832 election, Jackson set out to kill the bank Withdrew federal funds & re-deposited the money into state “pet banks” Bank Pres. Nicholas Biddle responded by calling in loans owed by state banks Results Led to an increase in the number of state banks that printed their own currency - inflation Pushed the nation toward depression in 1837
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Key Tenets of Jacksonian DemocracyBelief in the common man
Represented the interests of all the people, not just the wealthy planters & merchants
Expanded white male suffrage – democratization of American societyNominating conventions replaced legislative
caucuses of party leadersSupported patronage (spoils system) – the policy
of placing political supporters in office“To the victors belong the spoils”
Jackson & the BankJackson distrusted the 2nd BUS because he
thought it was monopolistic1832 Jackson vetoed a bill to renew the 2nd
BUS charterCommoners supported him; won the 1832
election
Jackson & the BankAfter the 1832 election, Jackson set out to kill
the bankWithdrew federal funds & re-deposited the
money into state “pet banks”Bank Pres. Nicholas Biddle responded by
calling in loans owed by state banksResults
Led to an increase in the number of state banks that printed their own currency - inflation
Pushed the nation toward depression in 1837
Jackson & the IndiansJackson wanted the Five Civilized Tribes in the
SW removed to land west of the MississippiIndian Removal Act 1830 provided funds to
purchase Indian land & pay for their resettlement in the west
Jackson & the IndiansThe Cherokees in N. Georgia tried to challenge the
removal orderWorcester v. Georgia (1832)– Georgia didn’t have the
power to invade Indian land & declared Georgia’s laws against the Indians null & void
Jackson refuse to enforce or follow the court’s decisionTreaty of New Echota
Small group of Cherokees agreed to sell their land
Trail of Tears
Jackson & the Indians
The Nullification CrisisIn 1828, Congress passed a new tariff
Southern planters called it the “Tariff of Abominations”
VP John C. Calhoun anonymously published the “South Carolina Exposition & Protest”Wanted the states to nullify the tariff
1830 Hayne (SC)/Webster (Mass.) DebateArgument over who should decide
the constitutionality of the laws
The Nullification Crisis1832 S. Carolina declared the tariff null & void &
threatened to secede from the unionJackson would not permit defiance or disunion, so he
dispatched the military to SC“…disunion, by armed force, is TREASON.”
Asked Congress to pass a “force bill”Result – compromise!
Congress passed a lower tariff (1832)S.C. withdrew its nullificationConflict of federal vs. state’s rights remained
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