4,995
edits
(→Washington's presidency: adding to Republican motherhood) |
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=== Antebellum people === | === Antebellum people === | ||
* John Quincy Adams | * John Quincy Adams | ||
* John Calhoun | * John Calhoun|1782-150; longtime Senator from South Carolina and Vice President under presidents John Quincy Adams and Andrew Jackson (first term); he started his political career as a war hawk during the War of 1812 (was Secretary of War under Monroe) and a strong nationalist who supported the National Bank and protective tariffs; however, as Vice President he became a leading proponent of states-rights, anti-tariffs, and limited federal government, including to support state nullification of federal tariff laws; he owned slaves and asserted the legitimacy of the institution of slavery as a "positive good"; Calhoun, however, was an effective congressional leader and along with Clay and Webster was one of the "Great Triumvirate" who negotiated the Compromises of 1820 and 1850, although Calhoun opposed the Compromise of 1850. | ||
* Henry Clay | * Henry Clay | ||
* Andrew Jackson | * Andrew Jackson | ||
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* Corrupt Bargain | * Corrupt Bargain | ||
* Force Bill | * Force Bill | ||
* Great Triumvirate | |||
* Jacksonian democracy | * Jacksonian democracy | ||
* Indian Removal Act | * Indian Removal Act | ||
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* Postal Service | * Postal Service | ||
* Panic of 1837 | * Panic of 1837 | ||
* Second Party System | * Second Party System|term for the new political order that arose with Jackson's presidency; the Systme was marked by higher voter interest and participation and the dominance of the Democratic and Whig parties and their machinery which included partisan newspapers, rallies, and election-day vote drives | ||
* spoils system | * spoils system | ||
* Tariff of 1833 | * Tariff of 1833 | ||
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|Panic of 1819 | |Panic of 1819 | ||
|1819-1821 | |1819-1821 | ||
| | |Financial crisis sparked by land speculation bubble, excess paper money, and issuance of bank notes unbacked by gold by the Second Bank of the United States | ||
* after annulment of the First National Bank in 1811, states granted charters to banks, many of which were speculative and underfinanced | |||
* the Second Bank of the United States, established in 1816, reacted to the crisis by first expanding than drastically retracting credit, which exacerbated the crisis | |||
* as Europe recovered from the Napoleonic Wars, its agricultural product increased and led to price drops, which hurt American producers, who, in turn, were unable to pay back loans | * as Europe recovered from the Napoleonic Wars, its agricultural product increased and led to price drops, which hurt American producers, who, in turn, were unable to pay back loans | ||
* the Panic came amidst implementation of the "American System" of canal and road building and tariffs, which were blamed for the downturn | * the Panic came amidst implementation of the "American System" of canal and road building and tariffs, which were blamed for the downturn | ||
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