10. 5- States’ Rights and the Economy Also known as Jackson vs… 10.5- States’ Rights and the Economy Also known as Jackson vs….everybody?
So did Jackson do any good as President? Increased voting participation, especially for white farmers Common Man vs. Born wealthy & privileged Exposed political corruption (but participated in it too! Spoils System! )
War on the Bank Support For: Support Against: _RICH______ people made _LOANS__________to businesses safe place for federal government to keep ___MONEY__ stable _CURRENCY____ helped create __CONFIDENCE____ in banks all over the country New England mainly _NICHOLAS__BIDDLE_______, president of the bank __RESTIRICTED____loans made by state banks Limited money it would loan out Angered _MERCHANTS__________ & __FARMERS_________ Southerners & _____WESTERNERS________ President Jackson War on the Bank
Outcome Jackson _VETOED_____ the bill to ___RENEW___ Bank’s charter Jackson won re-election Second Bank ceased to exist when charter ran out Economic __CRISIS_________ to come
War on the Bank http://education-portal.com/academy/lesson/jacksonian-america-bank-of-the-united-states-and-the-panic-of-1837.html
Tariff of Abominations Support for: Support against: Regions that supported: ____NORTHEAST___________ Helped protect American INDUSTRIES_ ,primarily located in the North Region that was against: SOUTH___ Vice President ___JOHN C. CALHOUN_______
The Tariff of Abomination Video-clip https://www.youtube.com/watch?v=VNgIUUD7i-A
Nullification Crisis Arguments For: Arguments Against: Suspected federal government would go after ____SLAVERY_______ Believed each state kept __CERTAIN POWER_____, such as the power to nullify ___10TH_____Amendment __DANIEL_WEBSTER__-U.S. formed by all American people, not the states Federal power supersedes that of the states “__COMMON GOOD______” of the country doesn’t mean it will make everyone happy
Outcome South Carolina voted to: _NULLIFY THE TARIFFS_ South Carolina warned Federal government not to: ____USE FORCE TO COLLECT MONEY______ JACKSON FURIOUS!! Put Congress on alert & issued a: _______PROCLAMATION TO THE STATE________ South Carolina ___REPEALED______ its tariff nullification
Martin Van Buren & the Crisis also known as “It’s a bad time to be President” But was it his fault?? https://www.youtube.com/watch?v=_MfcY1OjnEs
Watch the video clip and DECIDE! https://www.youtube.com/watch?v=gx5IyumKmDI