In 1832 Andrew Jackson vetoed the renewal of the Second Bank of the United

In 1832 andrew jackson vetoed the renewal of the

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years of his presidency. In 1832 Andrew Jackson vetoed the renewal of the Second Bank of the United State's charter because he viewed the Second Bank of the United States as a monopoly: it was a private institution managed by a board of directors. Political struggle in the early 1830s between President Jackson and financer Nicholas Biddle over the renewing of the Second Bank’s National charter. Tariff of Abominations – 1838, tax on imported goods, including British cloth and clothing, that strengthened New England textile companies but hurt southern consumers, who experienced a decrease in British demand for raw cotton grown in the South. South Carolina Exposition and Protest – a lengthy pamphlet written in secret by John C. Calhoun that argued for nullification as a result of the Tariff of Abominations favoring New England textiles. Nullification – right claimed by some states to veto a federal law deemed unconstitutional.
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Webster-Hayne Debate – a debate between Robert Hayne of South Carolina and Daniel Webster of Massachusetts. Hayne argued for states rights and the right of nullification while Webster argued for national unity and supreme rule of the constitution. Webster won the argument because his speech was significantly better. Nullification Ordinance – declared the Tariffs of 1828 and 1832 null and void within the state borders of South Carolina. The nullification crisis began with this act.
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  • Fall '17
  • Cliff Tyndall

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