E voting blocks and interest groups were not new to

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e. Voting blocks and interest groups were not new to this election and had existed almost from the start of presidential elections. Question 12 a. The end of the Bank of the United States did trigger a cycle of booms and busts due in part to their flooding the market with paper money. But this was not the main cause of the panic in the years that followed. b. Correct answer. Widespread speculation and get-rich-quick schemes that had people gobbling up western lands with borrowed funds that lacked sufficient backing. Speculators also sought to make a quick buck via canals, roads, railroads, and slaves. c. The Specie Circular was an attempt to stave off speculation, requiring that public lands be purchased with hard, or metallic, money. d. Economic crises in Europe, including the failure of two major British banks, did contribute to the financial issues in the U.S., as creditors abroad sought to call in loans. However, it was not the main cause of the panic. e. Tariffs and subsidies were proposed as a solution to the crisis, but they were not the problem. Question 13 a. While the majority of revolutionaries were Americans, many tejanos also fought for Texas independence and a break from Mexico’s heavy-handed authority, with seven of them dying while defending the Alamo. Among the fifty-nine signers of the Texas declaration of independence were several Hispanics. b. It was U.S. citizens, not the U.S. government, who lent money and munitions to support the rebels. c. Correct answer. Texans wanted not just independence from Mexico, but also annexation by the U.S., officially petitioning to join the Union in 1837. However, the slavery issue created a problem, as the North opposed annexation, fearing Texas would add to the South’s slave power. d. Mexico won it’s independence from Spain years earlier, not during the battle for Texas independence. e. Santa Anna was captured after a battle in Houston. Soon after, he signed two treaties agreeing to withdraw Mexican troops and to recognize the Rio Grande as the extreme southwestern boundary of Texas. After his release, he called the agreement illegal since he was forced to sign it under duress. Question 14 a. Both parties tried to cull mainstream Americans’ support, but it was the Whigs, not the Democrats, who tipped garnered support from wealthier voters. b. Democrats focused on the will of the individual, while the Whigs centered more on shielded the interests of the common good. c. Correct answer. Democrats favored states’ rights and less federal government involvement in the nation’s economy. Whigs, on the other hand, sought federal involvement including tariffs, schools, internal improvements, and a national bank. d. Whigs, champions of the emerging market economy, were supported by the North, planters in the South, and merchants and bankers in all sections. Democrats appealed to the South and newer western territories. e. Both parties drew mass support; Whigs even sought to establish the humble birth of their political candidates. While Democrats tended to be more humble folk and Whigs more prosperous, both parties had widespread support from Americans in all classes and regions of the country.
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