120 likes | 318 Views
Election of 1832. The First Election With National Conventions. Jackson vs. Clay. Henry Clay and John Sergeant (Bank of the United States). Jackson and Martin Van Buren. Major Issue: re-chartering the National Bank. The Nullification Crisis. 1832-Congress passed a high tariff.
E N D
Election of 1832 The First Election With National Conventions
Jackson vs. Clay • Henry Clay and John Sergeant (Bank of the United States). • Jackson and Martin Van Buren. • Major Issue: re-chartering the National Bank.
The Nullification Crisis • 1832-Congress passed a high tariff. • South Carolina declared the tariff laws of 1828 and 1832 null and void. • South Carolina threatened to secede. • Andrew Jackson sent soldiers and warships to South Carolina. • John C. Calhoun resigned as V.P.
The Compromise • Senator Henry Clay pushed through a compromise bill that reduced all tariffs for 10 years. • South Carolina withdrew its nullification.
The National Bank • Jackson ordered his Secretary of Treasury (Louis McLane) to remove the government’s money from the National Bank. • The money was to be placed in state banks. • McLane refused and he was fired. Jackson made William J. Duane as Secretary of Treasury. • Duane refused to move the money and he was fired.
Taney • Roger B. Taney was placed as Secretary of Treasury and he removed the funds. • However, the Senate rejected Taney’s nomination as Secretary of Treasury. • The funds though were already moved. • The National Bank was slowly destroyed.