“7.4 Notes” Topic: States’ Rights and the National Bank 10/28/1154.

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Presentation transcript:

“7.4 Notes” Topic: States’ Rights and the National Bank 10/28/1154

I. States’ rights & tariffs A.Tariffs (tax on imports) B.Tariff of 1828 a.k.a. Tariff of Abominations 1. Protect Northern industries 2. Forced South to buy from North 3. VP John C. Calhoun of SC a. Nullification Theory b. States could nullify (reject) fed. law 4. Pres. Jackson rejects Nullification Theory 5. Almost led to rebellion

II. Jackson v. National Bank A.Jackson attacked B.U.S. for unfair practices B.Money went to “pet banks” loyal to Dem., not B.U.S. C.Led to creation of Whig Party 1. Henry Clay 2. John Quincy Adams 3. Daniel Webster

III. Van Buren deals with Jackson’s legacy A.Van Buren wins election (1836) B.Pet banks = panic of 1837 C.Panic of 1837 = Van Buren lost to Whig William Henry Harrison in 1840 election D.One month into presidency Harrison dies; VP John Tyler becomes president

The Presidents 1.Washington 2.Adams 3.Jefferson 4.Madison 5.Monroe 6.Quincy Adams 7.Jackson 8.Van Buren 9.Harrison 10.Tyler

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