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Jackson Vetoes Bank of the United States
Jackson vetoes the bill re-chartering the Bank of the United States -
1832 Tariff
In Response to the many critics of the South, this law reduced the tariff rates on imported and exported goods, from 47% all the way to 25% -
Nullification Crisis
Leads to the Writing up of an Ordinance which nullified the embargoes of 1828 and 1832, and stated any use of force to implement the embargo would lead to the succession from the U.S. -
Jackson Reelection
Andrew Jackson beats Henry Clay in the Presidential election intiating his secd term as president. -
Force Bill
A bill which legally allows President Jackson to use force to enforce federal tariffs in South Carolina -
Jackson Censure
The Senate passed a Resolution of Censure against Jackson for assuming power and Authority, which was not given in the Constitution. -
Bank of the United States Expires
The Banks charter expired. The Second national bank could not operate as a national bank, and reopens as the Bank of Pennsylvania. -
Panic of 1837
A Financial Crisis which led to an economic recession that last into the 1840's. Unemployment rates rose while profits and wages decreased.