Bank of the United States and Crisis in South Caro
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Posted On: 05/25/2020 7:21:50 PM
Bank of the United States and Crisis in South Carolina
A major battle between the two emerging political parties involved the Bank of the United States, the charter of which was due to expire in 1832. Andrew Jackson and his supporters opposed the bank, seeing it as a privileged institution and the enemy of the common people; meanwhile, Clay and Webster led the argument in Congress for its recharter. In July, Jackson vetoed the recharter, charging that the bank constituted the “prostration of our Government to the advancement of the few at the expense of the many.” Despite the controversial veto, Jackson won reelection easily over Clay, with more than 56 percent of the popular vote and five times more electoral votes.
Though in principle Jackson supported states’ rights, he confronted the issue head-on in his battle against the South Carolina legislature, led by the formidable Senator John C. Calhoun. In 1832, South Carolina adopted a resolution declaring federal tariffs passed in 1828 and 1832 null and void and prohibiting their enforcement within state boundaries. While urging Congress to lower the high tariffs, Jackson sought and obtained the authority to order federal armed forces to South Carolina to enforce federal laws. Violence seemed imminent, but South Carolina backed down, and Jackson earned credit for preserving the Union in its greatest moment of crisis to that date. Jackson survived an assassination attempt on January 30, 1835, beating his would-be assassin, Richard Lawrence, with his walking cane. Andrew Jackson died at his home, the Hermitage, of congestive heart failure on June 8, 1845.
Andrew Jackson’s Legacy
In contrast to his strong stand against South Carolina, Andrew Jackson took no action after Georgia claimed millions of acres of land that had been guaranteed to the Cherokee Indians under federal law, and he declined to enforce a U.S. Supreme Court ruling that Georgia had no authority over Native American tribal lands. In 1835, the Cherokees signed a treaty giving up their land in exchange for territory west of Arkansas, where in 1838 some 15,000 would head on foot along the so-called Trail of Tears. The relocation resulted in the deaths of thousands.
As a slave-owner himself, Jackson opposed policies that would have outlawed slavery in western territories as the United States expanded. When abolitionists attempted to send anti-slavery tracts to the South during his presidency, he banned their delivery, calling them monsters that should “atone for this wicked attempt with their lives.”
In the 1836 election, Jackson’s chosen successor Martin Van Buren defeated Whig candidate William Henry Harrison, and Old Hickory left the White House even more popular than when he had entered it. Jackson’s success seemed to have vindicated the still-new democratic experiment, and his supporters had built a well-organized Democratic Party that would become a formidable force in American politics. After leaving office, Jackson retired to the Hermitage, where he died in June 1845.
A major battle between the two emerging political parties involved the Bank of the United States, the charter of which was due to expire in 1832. Andrew Jackson and his supporters opposed the bank, seeing it as a privileged institution and the enemy of the common people; meanwhile, Clay and Webster led the argument in Congress for its recharter. In July, Jackson vetoed the recharter, charging that the bank constituted the “prostration of our Government to the advancement of the few at the expense of the many.” Despite the controversial veto, Jackson won reelection easily over Clay, with more than 56 percent of the popular vote and five times more electoral votes.
Though in principle Jackson supported states’ rights, he confronted the issue head-on in his battle against the South Carolina legislature, led by the formidable Senator John C. Calhoun. In 1832, South Carolina adopted a resolution declaring federal tariffs passed in 1828 and 1832 null and void and prohibiting their enforcement within state boundaries. While urging Congress to lower the high tariffs, Jackson sought and obtained the authority to order federal armed forces to South Carolina to enforce federal laws. Violence seemed imminent, but South Carolina backed down, and Jackson earned credit for preserving the Union in its greatest moment of crisis to that date. Jackson survived an assassination attempt on January 30, 1835, beating his would-be assassin, Richard Lawrence, with his walking cane. Andrew Jackson died at his home, the Hermitage, of congestive heart failure on June 8, 1845.
Andrew Jackson’s Legacy
In contrast to his strong stand against South Carolina, Andrew Jackson took no action after Georgia claimed millions of acres of land that had been guaranteed to the Cherokee Indians under federal law, and he declined to enforce a U.S. Supreme Court ruling that Georgia had no authority over Native American tribal lands. In 1835, the Cherokees signed a treaty giving up their land in exchange for territory west of Arkansas, where in 1838 some 15,000 would head on foot along the so-called Trail of Tears. The relocation resulted in the deaths of thousands.
As a slave-owner himself, Jackson opposed policies that would have outlawed slavery in western territories as the United States expanded. When abolitionists attempted to send anti-slavery tracts to the South during his presidency, he banned their delivery, calling them monsters that should “atone for this wicked attempt with their lives.”
In the 1836 election, Jackson’s chosen successor Martin Van Buren defeated Whig candidate William Henry Harrison, and Old Hickory left the White House even more popular than when he had entered it. Jackson’s success seemed to have vindicated the still-new democratic experiment, and his supporters had built a well-organized Democratic Party that would become a formidable force in American politics. After leaving office, Jackson retired to the Hermitage, where he died in June 1845.
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