Upgrade to remove ads
Only $2.99/month

7.4 States' Rights and The National Bank

Terms in this set (14)

John C. Calhoun
Andrew Jackson's Vice President and Congressional leader/Senator from South Carolina
Tariff of Abominations
Henry Clay's name for 1828 tariff increase - Clay believed the Tariff hurt the South. Southerners had little industry and they were paying more for goods to support industry in the North
Daniel Webster
Senate leader from Massachusetts - Famous American politician and orator. He disagreed with nullification. He did not think states could nullify (not follow/do) what federal laws said you had to do.
Bank of the United States
a national bank funded by the federal government and wealthy investors (the wealthy and elite). Andrew Jackson did not trust them and eventually they were forced out of business in 1836
Whig Party
Political party formed in 1834 to oppose policies of Andrew Jackson
Martin Van Buren
8th President (1837-1841) Advocated lower tariffs and free trade, and by doing so maintained support of the south for the Democratic party. He succeeded in setting up a system of bonds for the national debt.
Panic of 1837
A financial crisis in the United States that led to an economic depression - a Series of financial failures that lead to economic depression
William Henry Harrison
(1841), was an American military leader, politician, the ninth President of the United States(Whig Party), and the first President to die in office. His death created a brief Constitutional crisis, but ultimately resolved many questions about presidential succession left unanswered by the Constitution until passage of the 25th Amendment. Led US forces in the Battle of Tippecanoe.
John Tyler
elected Vice President (for Harrison)and became the 10th President of the United States when Harrison died 1841-1845, he did not agree with many of the Whig party policies and therefore most of their programs did not happen
Why did South Carolina threatened to leave the union?
In 1832 Congress passed a new tariff in South Carolina said it was invalid...nullification
The political consequence of Jacksons fight against the national bank
When the national bank went out of business many people were angry even people from Andrew Jackson's party. They thought Jackson was too powerful and so they formed a new party called the Whig party to limit the power of the president.
What helped cause the nations depression during the Van Buren presidency
The financial mess because of the bank fight caused the panic of 1837. Most banks closed and people lost their savings so the country went into a depression
Key Players in Nullification Contract
Jackson - President (for nullification)
Calhoun -VP (opposed nullification)
Daniel Webster -Senator Massachusetts (opposed)
Robert Hayne - Senator South Carolina (defended was for nullification)
Causes/Results of the Nullification Crisis
South Carolina declared tariff illegal and threatened to leave the union. This made President Jackson angry and he threatened to send troops. However, Clay worked out a compromise to keep South Carolina in Union.
YOU MIGHT ALSO LIKE...