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Political Duels

Political Duels. Finish the Concept Attainment. Background… John C. Calhoun (early a nationalist- proposed a protective tariff that may benefit South Carolina). Tariff of 1824 33 1/2c Tariff of 1828 33 49c- politically motivated to get votes for Jackson

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Political Duels

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  1. Political Duels Finish the Concept Attainment

  2. Background… John C. Calhoun (early a nationalist- proposed a protective tariff that may benefit South Carolina). • Tariff of 1824 33 1/2c • Tariff of 1828 33 49c- politically motivated to get votes for Jackson • Abominations (tariffs and internal improvements)… taxing the South to benefit the North The Tariff

  3. John Calhoun VP • Exposition of 1828- nullification is introduced- secretly authored by Calhoun • 1) Federal government was a compact between states • 2) sovereignty was indestructible • Webster Hayne Debate (catering to the West)- people not the states • “Liberty and Union, now and forever, one and inseparable!” • Jefferson Day Toast • Jackson- “Our Federal Union- it must be preserved!” • Calhoun- “The Union- next to our liberty, the most dear!” Jackson Calhoun Divide

  4. Henry Clay proposed… • 49 c- reduced • South Carolina • Order of Nullification (stop collection of the tariff- immediate secession if threatened by the Federal government). • Force Bill- Army to collect tariff (paper war) Tariff 1832

  5. Compromise tariff- in accordance with the Force bill. • Gradual scaling down of the tariff Henry Clay

  6. Nicholas Biddle- President of the Bank • A sectional issue • Northeast vs. South & West • West bound to the east by tight money restrictions and lack of circulating $ THE BANK OF THE US

  7. Democratic party organized- donkey as the symbol. Nominated Jackson and Van Buren. • Jackson 219 • Clay 49 • At issue- the rechartering of the BUS 1836. Election of 1832

  8. Jackson, reelected, did not wait for the bank’s charter to end- he tried to deprive it of money. • Pet Banks (federal money deposited here instead of the BUS) Government also generated a surplus, but Jackson did not want to spend on internal improvements (ie Maysville Road Bill- vetoed). • Wildcat Banks Mandate? Destroy the Monster

  9. Specie Circular- only use hard cash and not folding money for land purchases • Panic of 1837 • Depression • Formation of Wall Street as the banking center. Speculation & Devaluation

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