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Tariff of Abominations
The Law: Protectionist U.S. import tax on manufactured goods instituted to safeguard nascent industrial and manufacturing centers in New England, Ohio, and Pennsylvania.
The 1828 act that they (Southerners) called the Tariff of Abominations. In their view, all its benefits of protection went to Northern manufacturers, leaving agricultural South Carolina poorer. Economical hardships in the South after this law. -
Webster-Hayne Debate: Nature of the Union
The debates between Daniel Webster of Massachusetts and Robert Hayne of South Carolina gave fateful utterance to the differing understandings of the nature of the American Union. The Webster-Hayne Debate consists of speeches delivered in the United States Senate in January of 1830. By no means were Webster and Hayne the only Senators who engaged in debate “on the nature of the Union.” ... To Webster, the Union was the indivisible expression of one nation of people. -
South Carolina's Ordinance of Nullification
The state adopted an
Ordinance of Nullification, which
declared both the tariffs of 1828 and
1832 null and void within state borders. -
Spoils System
It's a practice in which a political party, after winning an election, gives government civil service jobs to its supporters, friends, and relatives as a reward for working toward victory, and as an incentive to keep working for the party. Where the federal government operated on a spoils system until the Pendleton Act was passed in 1883 due to a civil service reform movement. Thereafter the spoils system was largely replaced by a nonpartisan merit at the federal level of the United States. -
Whig Party
The Whig party was created when the President vetoed the re-chartering of the 2nd Bank. This party didn't have enough of a stance to defeat Jackson. -
Election of 1832
Jackson vs. Henry Clay
Centered around main issue of the recharter of the Bank -
Proclamation to the People of South Carolina
In response to South Carolina’s threat, Jackson sent seven small naval vessels and a man-of-war to Charleston in November 1832. On December 10, he issued a resounding proclamation against the nullifiers. South Carolina, the president declared, stood on “the brink of insurrection and treason,” and he appealed to the people of the state to reassert their allegiance to the Union. He also let it be known that, if necessary, he personally would lead the U.S. Army to enforce the law. -
The Compromise Tariff Act (Senator Henry Clay's Tariff Bill)
Clay’s tariff bill, specified that all duties in excess of 20 percent of the value of the goods imported were to be reduced year by year so that by 1842 the duties on all articles would reach the level of the moderate tariff of 1816. It did little to clarify the question of states’ rights against the federal government. As a result of the Tariff of Abominations, regional differences began to harden between the protectionist industrial North and the free-trade agricultural South. Helped Eco probs -
Speculative Boom
People thought the money was going into the states banks, they thought they were becoming rich, so they spent money they didn't have. -
"Pet Banks"/Removal of Federal Deposits
In September 1833 he ordered an end to deposits of government money in the bank and gradual withdrawals of the money already in its custody. The government deposited its funds in selected state banks, characterized as “pet banks” by the opposition. -
Force Act
Congress passed a Force Act, authorizing the president to use military power to enforce the laws. South Carolina had expected the support of other Southern states, but instead found itself isolated. -
South Carolina Convention Rescinding the Ordinance of Nullification
The South Carolina convention responded on March 15 by rescinding the Ordinance of Nullification but three days later maintained its principles by nullifying the Force Bill. The nullification crisis made President Jackson a hero to nationalists. But Southerners were made more conscious of their minority position and more aware of their vulnerability to a Northern majority as long as they remained in the union -
Election of 1836
The Whigs were still too divided to unite behind a single man. New York’s Martin Van Buren, Jackson’s vice president, won the contest. United States presidential election of 1836, American presidential election held in 1836, in which Democrat Martin Van Buren defeated several Whig Party candidates led by William Henry Harrison. -
Deposit & Distribution Act
The Deposit and Distribution Act of 1836 placed federal revenues in various banks across the nation. Slowly fueling money out of the National bank. -
Specie Circular
The Specie Circular is a United States presidential executive order issued by President Andrew Jackson in 1836 pursuant to the Coinage Act and carried out by his successor, President Martin Van Buren. It required payment for government land to be in gold and silver. -
Panic of 1837
The Panic of 1837 was a financial crisis in the United States that touched off a major recession that lasted until the mid-1840s. Profits, prices, and wages went down while unemployment went up. Pessimism abounded during the time. The panic had both domestic and foreign origins.