1. The 1836 Election Results 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. Van Buren The Age of Jackson pt 3

2. 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.

3. Positions on the Key Issues WHIGSWHIGSDEMOCRATSDEMOCRATS Less concerned about the widening gap between rich and poor. Less concerned about the widening gap between rich and poor. Strong national govt. to coordinate the expanding economy was critical. Strong national govt. to coordinate the expanding economy was critical. Opposes Indian removal. Opposes Indian removal. Favored tariffs. Favored tariffs. Supported a National Bank. Supported a National Bank. Felt the widening gap between rich and poor was alarming. Felt the widening gap between rich and poor was alarming. Believed that bankers, merchants, and speculators were corrupt. 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. Govt. should have a hands-off approach to the economy to allow the little guy a chance to prosper. For Indian removal. For Indian removal. Oppose tariffs. Oppose tariffs. States‘ rights. States‘ rights. Opposed the National Bank. Opposed the National Bank.

4. 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 !

5. 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 !

6. 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. The Panic of 1837 !

7. Election of 1840 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” Harrison Tyler

8. 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.