Constitutional Disputes and Crises CHAPTER 3, SECTION 5
The Nullification Crisis Protective tariffs (designed to protect northern industry) had angered the South for years. The Tariff of 1828 was no different. The South nicknamed the Tariff of Abominations because it was especially high. In 1832, South Carolina nullified the tariff. They even threatened to secede from the Union if the tariff was not reduced.
The Crisis Resolved Jackson generally supported states’ rights, but he did not support secession. Jackson threatened to use federal troops against South Carolina. He had passed the Force Bill to give him whatever power necessary to collect taxes. Ultimately, the tariff was lowered and SC ended the nullification process. This was the end to the Nullification Crisis of 1833.
The Bank War Although Jackson did not side with the South on the issue of nullification, he did support Jeffersonian/agrarian principles. Many Democrats saw the ‘new’ type of economy brought about corruption and greed.
The Bank War When it came time for the re-chartering of the B.U.S. in 1832, Congress passed it, but Jackson used his power of veto. Jackson saw it as dangerous and corrupt ‘many headed hydra’ Jackson’s use of the veto shocked many of its supporters, because it had been used so infrequently.
The Whig Party Forms Henry Clay and Daniel Webster (two Bank supporters) formed a new political party in 1832 known as the Whigs. They wanted a strong federal government; Favored protective tariffs, internal improvements and a national bank. (Sound familiar?) Jackson was re-elected in 1836 and weakened the Bank by withdrawing all federal funds and placing them in state banks. These were known as his ‘pet banks’.
Politics After Jackson Without federal regulation, the state banks began producing more paper money than needed, causing inflation. This led to the Panic of When Martin Van Buren took over in 1837, there was a sharp drop in land prices. This affected both planters/farmers as well as urban workers. It was the worst depression the U.S. had experienced to date.
Whigs Rise to Power The Panic led to the revival of the Whig Party. They nominated William Henry Harrison (Old Tip), who won the electoral vote in a landslide. It was a short-lived victory for the Whigs, though, when Harrison died from pneumonia. His vice president, John Tyler, rejected the Whig policies.
Components of a Resume Objective --> tells what the goal of the resume is (what do you want?) Education --> what is the educational background/schools attended Experiences --> relevant to the job; what qualifies you to have this job? Accomplishments --> awards; things you are proud of. Weaknesses --> the non-highlights; things that could be improved
Review Today’s Topics 1) The passage of the ______________________ led to the Nullification Crisis of a) Tariff of 1828 b) Stamp Act c) Cotton tax d) Tariff of ) Why did Jackson veto the 2 nd Bank of the US’ charter? a) He felt it cost too much money b) He believed the economy was too unstable with a national bank c) He felt the bank encouraged corruption and greed d) He wanted to move funds from state banks to the national bank. Ticket-Out-the-Door: Did Jackson transform the presidency as an office? Why or why not?