Bank wars o 1832 o battle between jackson and

This preview shows page 9 - 12 out of 16 pages.

Bank Warso1832oBattle between Jackson and congretional supporters of the bankoOver bank renewal – Jackson vetoed the bank – thought it favored the moneyed interests at the expense of western farmersoused presidential power to squash the bill(henry clays) and protect the wellbeing of the western farmers·created pet banks which were smaller banks meant to dismantle the banks of USoimportant because they controlled a lot of federal depositsc)Reform movements· Birth of the WhigsoSupported active government programs and reformsoCalled for internal improvements§Canals, roads, and telegraph lines§Supported prison, asylums, and schoolsàCOMMON MAN INSTITUTIONS!!
oMoral reforms:§Prohibition of liquor§Abolition of slavery2.How did the following contribute to the reemergence of a two party system in the period 1820 to 1840?a)Major political personalitiesElection of 1824 splits political party in twoJohn Quincy Adams: national republican (signed tariff of abominations which made people mad at republicans)Andrew Jackson: Democratic Republican (killed 2BOTUS, trail of tears), nullification crisisHenry Clay: national republican/whig (election of 1824 and corrupt bargain, american system)b)States’ rightsc)Economic issues1832- Tariff and Nullification Crisis- AJ and Congress lowered tariff of Abominations to 35% but still too high- South thought it was favoritism to North interests, did not like slavery attacks ("Tyranny of North") - 1832- Nullification convention Tariff of Abominations and Tariff of 1832- held in South Carolina (prepare for war)-tariff of abominations (created hatred towards adams)-bank war (Jackson hated BOTUS so he dismantled it which drove a deeper wedge in parties)-panic of 1837 (caused mainly by end of BOTUS, whigs proposed solutions, made people madat democrats)-bank solidifies parties-how each party felt about industrialization (whigs-american system but federalist have farmerscontinue as they are)-high tariffs=whigs3.Compare and contrast the Jacksonian Democratic Party and the Whig Party of the 1830s and 1840s. Focus on TWO of the following:a)The role of the federal government in the economyJacksonians were nationalistic and believed it was best for the federal govt to stay small. They believed the govt was not supposed to control the way people conducted themselves privately. This made them less aggressive in pushing Americas economic development, viewing American society as being divide between two hostile camps: "the people" (farmers planters workers)and "the aristocracy"(merchant bankers, financial agents ) who manipulated markets for their own 
private enrichment. They supported westward expansions and Jackson's Indian removal bill secured new territory for white settlement. The Whigs scored active federal govt. they supported using federal funds to finance internal 

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture