1. Jackson’s Administration By Mr. Linder

2. The Party!

3. Day After the Party

4. Regional Differences Start ► North – Economy based on Manufacturing  Support for Tariffs = U.S. products can be sold cheaper than imported British goods. ► South – Economy based on Agriculture (Farming)  Hated Tariffs = imported goods cost too much! ► West – Economy emerging – Support for internal improvements and sale of public lands

5. Tariff of “Abominations” ► Northern manufacturers demanded a tariff on imported wool products (goods coming INTO the U.S.)  This will help protect against foreign competition! ► South – they OPPOSED the tariff because it hurt their economy. Too expensive to buy imported goods! ► Congress passed high tariffs on imports before Jackson was president. South called it “Tariff of Abominations!”

6. States Rights vs. National Tariff ► Northern & Southern states in conflict over tariffs – Jackson had to do something! ► Can individual states disregard a law passed by Congress (a national law)? ► John C. Calhoun said they could because states helped form the federal government. He called it the States Rights Doctrine!

7. John C. Calhoun – Vice President

8. Nullification Crisis ► States rights vs. Federal laws = Nullification crisis. ► Jackson asks Congress to pass a lower tariff rate or tax. ► Jackson opposed nullification, but was worried about the Southern economy... He was from South Carolina. ► South Carolina passed the Nullification act. The Act declared that the 1832 tariffs were null & void.

9. Nullification Crisis Con’t ► Congress finally passes a lower tariff (this makes South Carolina somewhat happy) ► Jackson tells South Carolina to repeal the Nullification Act or he will send in troops! ► South Carolina repeals the Act – however – they still believe in states rights!

10. Jackson vs. National Bank Jackson vs. National Bank ► The 2 nd Bank of the United States – Founded in 1816. ► Given a 20 year charter. ► Bank was to act exclusively as the Federal Governments financial agent ► 80% of the Bank was privately owned – but Congress & President supervised the bank.

11. Jackson vs. Bank Continued ► The South hated the bank – Gave too much power to the wealthy. ► Jackson hated the bank – thought that the states should control the bank – The bank was “Unconstitutional!” ► Maryland tried to pass a tax that would limit the banks operations ► James McCulloch – Cashier of the bank – refused to pay the tax.

12. Jackson vs. Bank ► McCulloch vs. Maryland (Supreme Court Case)! Supreme Court declared banks Constitutional. ► The bank sent a bill to renew charter in 1832 – Jackson swore he would VETO the bill. HE DID! ► Congress could not get 2/3 vote to override veto!

13. Jackson vs. Bank Continued! ► Bank funds were moved to State Banks. ► States offered easy credit terms to people buying land which led to inflation. ► Jackson tried to slow inflation – only buy land with gold and silver – didn’t work! ► Panic of 1837 - Led to a depression – because of Jackson! ► Whigs want to take control but can’t decide on a Candidate. They want a weak president. ► Andrew Jackson supports Martin Van Buren – he becomes the next president of the U.S. (Democrat)

14. Martin Van Buren!