Nullification Crisis and Bank Crisis

By mgra9887

  • Re-election of Jackson

    Jackson runs against John Quincy Adams for president and wins the election.

  • Tariff of 1828

    Also known as the "Tariff of Abominations" Put a heavily priced tax on foreign goods. Northerners liked the tax, but South did not because they traded a lot with Britain. Is considered and anbomination because tariff was raised to the highest level ever.

  • Indian Removal Act

    General resettlement of Native Americans to lands west of the Missisippi River

  • Internal Improvements- Mayville Road

    Andrew Jackson vetoed a bill that would aloow the federal government to purchase stocks in Mayville.

  • Trail of Tears

    Movement and relocation of Native Americans to new Indian Territory

  • Cherokee Nation vs Georgia

    Cherokee nation was angry at Georgia nation for not giving them rights within their boundaries. Ended with Cherokee Nation winning.

  • Nullification Crisis

    States didn't want to pay tariffs so they decided to nullify tariffs with help from Henry Clay.

  • Worchester vs. Georgia

    Samuel Worshestor was arrested for living with Cherokees but was found innocent since there were no laws forbidding him to live with them.

  • Bill to Re-charter Bank

    Bill to recharter the Bank of the United States vetoed by President Jackson - argues that the bankís policies tend to favor corporations and moneyed aristocracy; Congress fails to override the veto.

  • Tariff of 1832

    Adopted by Congress - more moderate than the Tariff of 1828, but still leaves the South dissatisfied.

  • South Carolina Ordinance of Nullification

    written by John C. Calhoun, issued by South Carolina state legislature - adopts measures to enforce this ordinance - even allowing for military preparations and secession if the Federal Government resorts to force.

  • Compromise of 1833

    Resolution of Nullification Crisis. A new tariff proposed by Henry Clay and John Calhoun that gradually lowered the tariff to the level of the Tariff of 1816. This compromise avoided civil war and prolonged the union for another 30 years.

  • Jackson's attack on the second U.S. bank

    Andrew Jackson puts a veto to shut down the 2nd U.S. Bank.

  • The Force Bill

    The Force Bill authorized President Jackson to use the army and navy to collect duties on the Tariffs of 1828 and 1832. South Carolina's ordinance of nullification had declared these tariffs null and void, and South Carolina would not collect duties on them. The Force Act was never invoked because it was passed by Congress the same day as the Compromise Tariff of 1833, so it became unnecessary. South Carolina also nullified the Force Act

  • Whig Party 1834

    The name, "Whig," is formally adopted for a new U.S. political party that emerges in response to Jacksonís policies.
    -National Republicans and Jackson Democrats who supported the bank

  • John Marshall dies

    Chief Justice John Marshall dies; President Jackson names Roger B. Taney to succeed him.

  • Specie Circular

    The Specie Circular is a 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.

  • Martin Van Buren

    Is elected President - he runs on the Democratic ticket and agrees to follow Jacksonís policies. Richard Johnson is Vice President.

  • Ralph Waldo Emerson

    Publishes "Nature" - the essay sets forth some of the ideas that come to be known as Transcendentalism.

  • 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.

  • S.C. Exposition and Protest

    J.C. Calhoun- states have the right to nullify law

  • S.C. Orders of Nullification 1832

    Calhoun resigns the V.P.

  • Force Act 1832

    Jackson permitted to use force to enforce the law

  • Tariff of 1833 Compromise tariff

    Clay ends nullifaction crisis

  • Tariff 1832

    reduces tariff

  • Haynes Webster

    Haynes Nationist
    Webster

  • 2nd National Bank Chartered 1816

  • Early recharter 1832

    Proposed by clay & Jackson Opponenets Elect issue

  • Jackson Vetos Recharter 1832

    Jackson win re election

  • Specie Circular 1836

    Required gold for land purchase

  • Jackson removes money from N.B. 1836

    Money deposited in state banks pet banks

  • Van Buren elected president

    Jackson Vp

  • Panic of 1837 economic crash

    Van buren blamed some blame to Jackson
    No national bank

  • Van Buren loses president 1840

    Whig canidate William Henery Harrison become president die 32 days into term VP tyler becomes president dark horse no one expected him to be VP ro president