This preview shows page 1. Sign up to view the full content.
Unformatted text preview: - The bank war also aroused intense opposition to the president and his policies forming a new national party, the Whig party. 14. Address the Panic of 1837, its causes, and one of its results.-The Panic of 1837 was not entirely the result of government policies. It was some complex changes in the world economy that were beyond the control of American policymakers. The Whigs were quick to blame the state of the economy on Jacksonian finance. This devised a new system of public finance that would not contribute to future panics by fueling speculation and credit expansion. It also established a public depository for government funds with no connections to commercial banking. 15. Summarize the 1840 election and its irony. -Essay topic: Describe the cultural and political character of Jacksonian America. How was this personified in the background and presidency of Andrew Jackson? Why are the 1820s and 1830s described as the Age of Democracy? 1...
View Full Document
- Fall '08
- US History