Jack2 - Jackson's first administration was dominated by a...

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Jackson 's first administration was dominated by a conflict with his vice president, John C. Calhoun . Calhoun believed that a high tariff, or tax, on foreign goods hurt his home state of South Carolina. He argued that a state could declare null and void any federal law it believed violated the U.S. Constitution. Jackson disagreed. At a dinner, Jackson made a toast to Calhoun, saying, "Our Federal Union: It must be preserved." In Jackson 's second term, he replaced Calhoun with Martin Van Buren. In his second administration, Jackson took on the Bank of the United States, chartered by Congress in 1816. In 1832, Jackson vetoed a bill to renew the bank's charter. He called the bank a monopoly and said its power threatened the government and the people. "There are no necessary evils in government," said Jackson . "Its evils exist only in its abuses." In 1833, he took all federal money out of the bank's vaults and distributed the money to "pet banks," state banks run by his friends. "Jackson, Andrew." America the Beautiful . 2007. Grolier Online. 21 Mar. 2007 This lithograph from 1836 satirizes President Andrew Jackson 's battle to destroy the Bank of the United States. In the drawing, Jackson, Martin Van Buren and Jack Downing fight a snake with many heads. Nicholas Biddle, the president of the Bank, is depicted as the largest head of the snake, with the lesser heads representing the state banks. A caricature of President
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This note was uploaded on 10/27/2011 for the course HIST 101 taught by Professor Gotman during the Spring '08 term at NYU.

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Jack2 - Jackson's first administration was dominated by a...

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