HIST 105 1nd Edition Lecture 25 Outline of previous lecture I Democracy II Political power III Election a 1824 b 1828 IV Indian removal act a Trail of tears Outline of Current lecture I Second bank II Elections a 1832 b 1836 c 1840 III Whig vs Democrats Unspoken Issue South s peculiar institution Second bank of the US President James Madison o For 20 years 1816 1836 Jackson opposes the bank o The bank is a monster o Threatened the peoples liberty These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Nicholas Biddle Presidency of the Bank in 1823 Educated Intelligent o Know it all Public confidence in the bank o Prevents depressions Arguments against the Bank Jeffersonian opposed it Unconstitutional Power in hands of privileged o Wealthy powerful people Biddles Blunder To re charter in 1836 Sought it in 1832 Congress passed it Jackson bank was unconstitutional Recall MucCullock vs Maryland Jackson Defending the common man Jackson vetoed the charter After the Bank Deposits transferred to state banks pet banks o Jacksons pets favorites Increased supply of paper money Election of 1832 Jackson reelected o Democratic Clay runner up o Republican o Kentucky Political parties Democrats o common man Whigs o National Republicans o New England and upper Midwest o Big southern planters o Moral reform Concerned with public morality Concerned with people drinking too much alcohol Whig party in the south States rights objected to Jackson s position on nullification King Andrew Martin Van Buren 8th president 1837 1841 Election 1836 Van Burned wins o Democratic Harrison o Runner up Whig Martin Van Buren Panic of 1836 Global economic phenomenon Whigs Jacksons policies Election 1840 Whig Harrison won William Henry Harrison Tippecanoe and Tyler too Posters Hats Songs Whig Agenda American system 2 0 Bank of United States Raise tariffs Distribute federal funs to states o Internal improvements o Commerce o Jobs High paying With benefits Two Party Systems Democrats Whigs
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