The Election of 1836

The Election of 1836 - The Election of 1836 a Martin Van...

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The Election of 1836 a. Martin Van Buren i. Vice-President was Martin Van Buren (D) – was to be the successor to Jackson ii. Jackson was too old to run again iii. Jackson rigged the nominating convention and gained enough support for his nomination b. The Whigs i. Hoped to run several prominent “favorite sons” from each region so that no presidential candidate received a majority of electoral votes. The deadlock would have to be decided in the House of Representatives, where the Whigs might have a chance ii. The leading Whig “favorite son” was General William Henry Harrison (Battle of Tippecanoe) c. Results of the Election of 1836 i. Van Buren won - 170; 765,483 ii. All Whigs combined – 124; 739,795 XIV. President Martin Van Buren a. Characteristics i. First to be born in the U.S. ii. Short iii. Slender iv. Bald v. From New York vi. Had much experience in legislative life b. Problems i. Machine-made candidate – incurred resentment of many Democrats ii. Jackson was harsh, while Van Buren was mild- mannered (so he wasn’t as popular) iii. Inherited the ex-president’s numerous enemies c. Rebellion/Slavery/Depression i. Rebellion – Rebellion in Canada in 1837 stirred up incidents along the northern frontier and threatened to trigger war with Britain. The president claimed neutrality, which many people didn’t like ii. Slavery – Antislavery people in the North were in full swing (condemning the annexation of TX) iii. Depression – Inherited a depression from Jackson XV. Panic of 1837 and the Independent Treasury a. Causes of the Depression i. Basic cause was rampant speculation (risking your money (and sometimes getting a loan) to buy land in the west in the hopes that it would make a profit). People were buying western lands on
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borrowed money, much of it in the shaky currency of the western “wildcat” banks ii. Bank War and the Specie Circular (stated that land must be paid for in hard money, not paper or credit) iii. Failure of wheat crops (because of the Hessian fly) iv. The failure of two British banks which called in foreign loans b. Results of the Depression i. Banks collapsed by the hundreds (even some banks that had federal money – “pet banks”) ii. Prices dropped iii. Sales of public lands went down
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The Election of 1836 - The Election of 1836 a Martin Van...

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