Transcript Age of Jackson Part 3

The Age of Jackson pt 3
The 1836 Election Results
Van Buren
After 2 terms in
office as President,
Andrew Jackson
chose Martin Van
Buren to succeed
him.
Van Buren won the
election of 1836.
He defeated a new
party in the
election. The Whig
party.
The Whig Party
• The Whig party was founded by Henry Clay,
Daniel Webster, and former War of 1812
General William Henry Harrison.
• The party was basically an Anti-Jackson party,
Anti-Democrat party.
• The name comes from the American
Revolution. A whig was someone who
opposed the British and thus opposed
tyranny.
Positions on the Key Issues
WHIGS
DEMOCRATS
• Less concerned about • Felt the widening gap between
the widening gap
between rich and poor.
• Strong national govt. to
coordinate the
expanding economy
was critical.
• Opposes Indian
removal.
• Favored tariffs.
• Supported a National
Bank.
•
•
•
•
•
•
rich and poor was alarming.
Believed that bankers,
merchants, and speculators were
corrupt.
Govt. should have a hands-off
approach to the economy to
allow the little guy a chance to
prosper.
For Indian removal.
Oppose tariffs.
States‘ rights.
Opposed the National Bank.
The Panic of 1837!
Jackson had removed Federal Money from
the Bank of the United States.
Jackson had placed the money in State
banks which his enemies called “Pet Banks”
All paper money was supposed to be backed
up by gold and silver, but the state banks
issued more paper money than they could
cover with gold or silver.
The Panic of 1837!
In addition right before he left office
Jackson issued an Executive Order that
stated all Federal land must be purchased
with gold or silver.
People started cashing in their paper
money for gold and silver and the banks
simply ran out.
A Panic ensued and the banks went out of
business.
The Panic of 1837!
Thousands of people lost all of this money.
The economic depression that followed was a
disaster for the United States.
Cities were devastated. 90% of all factories closed.
Thousands of people were out of work and cites
were filled with starving homeless people. Farmers
did better since they could grow their own food.
Election of 1840
Harrison
Tyler
• President Van Buran took the blame for
the economic disaster even though it
actually started when Jackson was
President.
• Because of this the Whig party made
huge strides and became popular. They
ran William Henry Harrison, the hero of
The Battle of Tippecanoe where he
defeated the Indian Tecumseh.
• John Tyler was his running mate and the
Whigs adopted the very popular slogan
“Tippecanoe and Tyler too”
Tip and Ty
What's the cause of this commotion, motion,
motion,
Our country through?
It is the ball a-rolling on
For Tippecanoe and Tyler too.
For Tippecanoe and Tyler too.
And with them we'll beat little Van, Van, Van,
Van is a used up man.
And with them we'll beat little Van.