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Jacksonian Democracy: Part 2

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Jacksonian Democracy: Part 2 I. South Carolina & the Threat to Secede (1830) 1. Congress passed Protective Tariff a. Encourage Americans to buy U.S. Products manufactured – PowerPoint PPT presentation

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Title: Jacksonian Democracy: Part 2


1
Jacksonian Democracy Part 2
  • I. South Carolina the Threat to Secede (1830)
  • 1. Congress passed Protective Tariff
  • a. Encourage Americans to buy
  • U.S. Products manufactured
  • in the Northeast
  • b. Southern States opposed
  • -Tariff benefits only the Northeast
  • c. VP John C. Calhoun
  • -States have a right to nullify or
  • ignore laws they see as unfair
  • -Unsatisfied States can secede or
  • withdraw from the U.S.A.
  • d. Andrew Jackson
  • -The Union will be preserved
  • at all cost
  • e. Calhoun Resigned as VP

2
II. Jacksons War Against the National Bank
  • 1. Distrust of big Banks
  • a. Unfair undemocratic
  • -southern western
  • stored in northern Banks
  • b. Many of Jacksons political
  • opponents were bankers
  • 2. Vetoed all Bank Charters
  • 3. Removed all Federal funds
  • a. placed them in small
  • State Banks
  • What do you think might happen if the U.S. had
    no National Bank, no standard American currency,
    each State had its own type of currency?

3
III. The Panic of 1837
  • 1. President Jackson Killed the National Bank
  • a. National currency unpopular
  • b. States issue wildcat currency
  • -paper money with no real value
  • c. Only gold and Silver had real value
  • -nobody had gold or silver
  • d. Economic depression
  • e. No job, no money, no future?
  • -go west young man

www.answers.com/topic/panic-of-1837
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