Outline--Jackson and Rise of Democrats

Outline--Jackson and Rise of Democrats - ANDREW JACKSON...

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1 THE RISE OF THE DEMOCRATIC PARTY Political Effects of Market Revolution Supreme Court Decisions Favor Commerce o McCulloch v Maryland Maryland tried to force a United States bank branch with in its borders to pay a tax, but it was declared unconstitutional. Gave the congress implied powers for implementing the Constitution’s express powers o Gibbons v Ogden Federal Government presides over state governments o Stronger Protection for Contract Rights Increase in use of corporations Government Accountable for Economic Stability o Panic of 1819 o Public demands some sort of government intervention in times of repression o Bank of the United States was blamed for the panic o National Currency vs. State Currency Many notes from the private banks cannot back their notes Bank of the United States demanded that all of the bank notes were sent out to be redeemed for their gold and silver value. Makes the bank of the United States reliable
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Outline--Jackson and Rise of Democrats - ANDREW JACKSON...

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