1. Prosperity and Panic Jackson’s Policies caused the economy to collapse after he left office and affected the next election

2. Key Vocabulary and Key People Key Terms  Inflation  Panic of 1837  Depression  Whig Party Key People  Martin van Buren  William Henry Harrison  John Tyler

3. Money in the Bank  As the Second National Bank gained power Jackson began to dislike the institution because it hurt the average man  Jackson Would not renew the bank’s charter during the election year claiming the bank was unconstitutional  Jackson’s War on the bank would become a Key issue of the election of 1832

4. Outer Bank  In the Election of 1832 Henry Clay claimed Jackson was a Tyrant but the democrats portrayed him as a defender of the people  Jackson won a second term and declared a war on the bank and deposited money into state banks  The Second National Bank made it harder to borrow money but with the support of the people the Second Bank went out of business

5. Panic at the…Bank  As more people borrowed money to buy land from state banks they began to print up money causing inflation  Jackson would leave office with the national prosperity leaving his Vice President Martin van Buren to be elected  As the economy worsened, people began to fear what would happen causing the Panic of 1837

6. A very sad economy  As people tried to exchange money for gold the banks would default leaving the government without money  The depression led to factories closing, jobless people, little food and death  The cities were hit the hardest by the depression, but farmers felt a minor pinch too

7. A new Party in Town  As Daniel Webster and Henry Clay wanted the government to fix the economy, van Buren wanted to let the economy fix itself  Martin Van Buren would face the Whig Party who opposed the policies of Andrew Jackson and his supporters  The Whig Party chose William Henry Harrison and John Tyler as their candidates  Harrison was a War Hero and help gain the support of the common person for the Whigs

8. Whiggin’ Out  The Whigs portrayed Harrison as a true westerner against the Wealthy van Buren and Harrison won the election of 1840  One Month after being Inaugurated Harrison would catch Pneumonia and became the first president to die in office  John Tyler would become president and brought the importance of the west into the white house

9. This has Been another World Famous Mr. Green PowerPoint Presentation Go Albion Track!! Get Your Take Home Essays Done!