Lecture 21

Lecture 21 - Unit 12: Jacksonian Democracy 15 November 2007...

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Unit 12: Jacksonian Democracy 15 November 2007
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Jacksonian Democracy: Lecture Outline I. Precursor to Jacksonian Politics II. Presidential Election of 1828 IV. The Bank Wars and the Second Term V. The Second Party System
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Unit 12: Jacksonian Democracy I. Precursor to Jacksonian Politics
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• New transportation network to connect American nation • Promote American geographic dependence on Europe • Bank of the United States- fiscal security, trustworthy currency • Tariff- to encourage American manufacturing
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Panic Of 1819 A reduction of international specie resulted in a speculative boom in the United States. When BUS tries to stabilize economy by demanding payment for state banknotes in silver or gold specie, causes collapse of credit and national depression.
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Andrew Jackson: • Limit power of Federal government • Rhetoric of Jeffersonian democracy: emphasis on individualism and agrarian values •Wins popular vote in 1824 election
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“The Corrupt Bargain” • 1824 Presidential Election thrown into House of Representatives •Henry Clay- deal with John Quincy Adams- Adams wins Presidency, Clay becomes Secretary of State •Alleged agreement termed “the Corrupt Bargain” by Jackson partisans
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Unit 12: Jacksonian Democracy II. Presidential Election of 1828
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Lecture 21 - Unit 12: Jacksonian Democracy 15 November 2007...

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