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charter of the 2nd Bank
Signed by James Madison, allowing the 2nd National Bank to operate for 16 years, and when that runs out, a recharter must be put into place to renew it. It was brought about due to Hamilton's First National Bank's charter expriring in 1811. Many debates about the control the National Bank should hold. -
Election of 1828
The election of 1828 was a rematch between Andrew Jackson and John Quincy Adams. Jackson had believed that the previous election was rigged due to shady actions from Henry Clay, and decided to try again. There was a lot of mud slinging and dirty tactics, including towards the families of the politicians. This ended the series of aristrocratic presidents with Jackson's victory. Jackson's white house parties were opposing to previous presidential class. -
Election of 1832
The election of 1832 was between Andrew Jackson and Henry Clay. Jackson The primary political issues during this election was of the National Bank, and the Bank War. This election first showed the use of national conventions during the elections. This election also uncluded a third party candidate, part of teh Anti-Masonic Party, with William Wirt. Jackson won this election by a landslide, winning reelection. -
Jackson vetoes early renewel of 2nd bank's charter
The Second national Bank was powerful, and seen as an elitist part of the Government. In 1832, Henry Clay and his supporters tried to renew the bank early, as it was expiring in 4 years. jackson, believing taht if he vetoed it, he would lose voters, but he was so agaisnt it. Jackson did end up voteing it, however. -
Jackson's order for the end of deposits of government money
This order was further part of Jackson's plan to dismantle the 2nd National Bank, which he saw as corrupt and too powerful. This greatly harmede the Bank's power, and reflected Jackson's beliefs of hating the bank. -
Formation of the Whig Party
The Whig party was formed by Henry Clay, Daniel Webster, and William Henry harrison, as an anti-Jckson party. They were for the 2nd National Bank, but dismanded after slavery emerged as a primary issue. They only managed to have 3 presidents in their lifetime. -
Specie Circular
Specie Circular was an executive order issued by Jackson, requiring payment for govermental land made in non-paper money. It had depleted teh gold and silver reserves of many banks, and reflected jackson's disdain for paper money. -
Election of 1836
The election of 1836 was between former vice president, Martin van Buren, and William Henry harrison. Though, the Whig Party, being new, had a hard time choosing their candidate, thus not obtaining many votes. -
Panic of 1837
The panic of 1837 was a financial crisis that triggered severe economic depression during Martin Van Buren's presidency, that led to his eventual loss for a second term. The 2nd National Bank had collapsed completely, and this panic led to a significant rise in poverty. -
Election of 1840
The election of 1840 was between William Henry harrison and Martin Van Buren, serving as a rematch. William Henry Harrison won, but died 32 days into office. The panic of 1837 led to Van Buren's loss. -
Workday reduction
The workday reduction was a decrease in the work day to 10 hours. This began due to many riots for a decrease in the work day, this led to the modern labor of the future, -
Formation of the Know-nothing Party
Founded by the Order of the Star Spangled Banner, later named the Know-Nothing Party after they never spoke their activities., saying "I know nothing" as a response. The party wanted stricter immigration control, longer naturalization processes, unless the immigrant is a Catholic or from a political office. It gained significant influence, winning many local elections, as well as state elections, but the popularity waned in the late 1850s due to the prominence of slavery.