The End of the Jackson Era Chapter 10, Section 5

Jackson and the Bank In 1836, Andrew Jackson closed the bank of the United States In 1836, Andrew Jackson closed the bank of the United States Jackson referred to the bank as “a monster”. Jackson referred to the bank as “a monster”. Jackson believed that the bank only supported the wealthy. Jackson believed that the bank only supported the wealthy. Although his intentions were good, Jackson’s closing of the bank led to future problems. Although his intentions were good, Jackson’s closing of the bank led to future problems.

The Panic of 1837 Andrew Jackson decided not to run for a third term as president in Andrew Jackson decided not to run for a third term as president in The Democrats selected Martin Van Buren to run for president and in 1837 he wins the election. The Democrats selected Martin Van Buren to run for president and in 1837 he wins the election.

The Panic of 1837 Shortly after Van Buren was elected president the United States went into an economic depression-a period in which business and employment fell to a very low level. This was known as The Panic of Shortly after Van Buren was elected president the United States went into an economic depression-a period in which business and employment fell to a very low level. This was known as The Panic of Thousands of businesses were unable to repay bank loans. In turn they had to close. This left many people unemployed. Thousands of businesses were unable to repay bank loans. In turn they had to close. This left many people unemployed. Farmers struggled to sell their crops, and many began to lose their farms. Farmers struggled to sell their crops, and many began to lose their farms.

The Whigs Come to Power Because of the depression, Martin Van Buren would not be elected to a second term. Because of the depression, Martin Van Buren would not be elected to a second term. In 1840 William Henry Harrison (a member of the Whig Party) would be elected as President. In 1840 William Henry Harrison (a member of the Whig Party) would be elected as President. Harrison named his campaign the “Log Cabin Campaign” because he wanted to appear like an ordinary man, a “man of the people”. Harrison named his campaign the “Log Cabin Campaign” because he wanted to appear like an ordinary man, a “man of the people”.

The Whigs Come to Power William Henry Harrison selected John Tyler, a planter from Virginia, as his running mate and Vice President. William Henry Harrison selected John Tyler, a planter from Virginia, as his running mate and Vice President. If you recall, William Henry Harrison had been a war hero. He had defeated Tecumseh’s followers at The Battle of Tippecanoe and later killed Tecumseh at The Battle of the Thames. If you recall, William Henry Harrison had been a war hero. He had defeated Tecumseh’s followers at The Battle of Tippecanoe and later killed Tecumseh at The Battle of the Thames. In the election of 1840 Harrison ran under slogan “Tippecanoe and Tyler too”. In the election of 1840 Harrison ran under slogan “Tippecanoe and Tyler too”.

The Whigs Come to Power Harrison’s inaugural address lasted for nearly three hours. He spoke in the freezing cold and rain. Unfortunately for Harrison he died less than one month later of pneumonia. Harrison’s inaugural address lasted for nearly three hours. He spoke in the freezing cold and rain. Unfortunately for Harrison he died less than one month later of pneumonia. John Tyler became the first vice-president to gain the presidency because the elected president died in office. John Tyler became the first vice-president to gain the presidency because the elected president died in office.

The Whigs are Removed Although Tyler had been elected vice president as a Whig, he had once been a Democrat. Although Tyler had been elected vice president as a Whig, he had once been a Democrat. Tyler was a strong supporter of states rights and actually vetoed several bills the Whigs wanted passed. Tyler was a strong supporter of states rights and actually vetoed several bills the Whigs wanted passed. John Tyler’s lack of party loyalty outraged the Whig Party so much they actually expelled Tyler from the party. John Tyler’s lack of party loyalty outraged the Whig Party so much they actually expelled Tyler from the party.

The Whigs are Removed Because the Whig Party was so divided, they would lose the Presidential election of Because the Whig Party was so divided, they would lose the Presidential election of Democrat James Polk would be elected in Democrat James Polk would be elected in 1844.