B jackson authorized the treasury to issue a specie

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b. Jackson authorized the Treasury to issue a Specie Circular i. All public lands had to be purchased with federal money. ii. "Hard money" brought hard times to the West. iii. Locos Focos an important force in demanding hard money c. Inflation continued nonetheless B. General incorporation laws(beginning with Connecticut in 1837) 1. Traditionally, corporate charters granted by state governments were seen by many as monopoly-oriented. 2. States began to make incorporation easier, thus spurring the U.S. economy with small and medium-sized businesses. 3. Limited liability: business owners were now allowed to be a separate entity from their corporation. If the corporation went bankrupt, the business owner still kept his own money. Reduced the risk of owning a business.4. Very Jacksonian in nature (although Jackson was not responsible for it)C. Charles River Bridge decision(Charles River Bridge v. Warren Bridge), 18371. Builders of Charles River Bridge gained a charter by Massachusetts in 1780 -- With Boston’s growth, stock in the bridge company soared. 2. 1828, Warren Bridge Co. granted a charter by Mass. to build a bridge 300 yards from the Charles River Bridge (who's company made profits from tolls). -- Heavy traffic necessitated another bridge. 3. Charles River Bridge Co. sued Warren Bridge Co. since the new charter interfered with Constitution's provision for state's not to interfere with contracts. 4. Supreme Court granted Warren Bridge Co. the right to build the new bridge. 5. Significance: Encouraged economic development in transportation and other public facilities via competition(began to end monopolies in public facilities). -- Very Jacksonian in nature. D. Maysville Road veto1. Jackson favored states’ rights (at the expense of nationalism) Use space below for notes:
2. Refused to spend federal money for intrastate improvements (roads & canals) -- Strong states' rights principles (like Madison who vetoed Calhoun’s Bonus Bill in 1817) 3. Vetoed bill for improving theMaysville Road in Kentucky. XI. Removal of Native AmericansA. By 1830, most territories east of the Mississippi had become states -- Most Amerindian tribes surrounded by white settlements B. Jackson did not regard the tribes as separate nations within individual states. 1. Harbored some protective feelings toward Amerindians yet saw them as "uncivilized." 2. Indian Removal Act(1830) a. Jackson proposed bodily removal of remaining Indians-- esp. Five Civilized Nations: Cherokee, Creek, Choctaw, Chickasaw and Seminoles-- beyond the Mississippi to Indian Territory(Oklahoma). b. Individual Indians might remain if they adopted white ways. c. More than 100,000 Indians forcibly uprooted and moved in 1830s. 3. Bureau of Indian Affairsest. in 1836 to administer relations with Amerindians. C. Cherokee1. Developed certain aspects of society similar to whites a. Sequoya created Cherokee syllabic alphabet (85 characters) and Cherokee had own newspaper, Cherokee Phoenixb. Had a written constitution similar to U.S.; similar electoral system c. Established efficient agriculture-based economy

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