1. Chapter 11
Section 3
US History

2. Jackson vs. The Bank
Jackson hated the Second Bank of the United States (owned by rich Easterners)
Nicholas Biddle – Bank president
Henry Clay and Daniel Webster – as a political move, they told Biddle to apply early for a charter
Martin Van Buren – Jackson’s friend (and later Vice President)
Veto – rejected
Jackson thought the Bank was unconstitutional
The Election of 1832
Jackson defeated Clay and won reelection
He appointed Martin Van Buren as his Vice President
He “killed” the bank by taking all federal funds out and placed them in state banks

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DFS 11-3

4. Panic in the Streets
The Election of 1836 – Martin Van Buren (Democrat) wins
Faced opposition from a new anti-Jackson political party, the Whigs
The Panic of 1837
Depression – a period in which business and employment levels fall
Laissez-faire – government should interfere as little as possible with the economy
Van Buren did begin a federal treasury
It moved the money from private banks to a central storehouse
Called the “Second Declaration of Independence”
Members of the Democratic party were split over the decision, so the Whigs had a chance in 1840

5. 1790 95% of Americans live on farms
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Time 8

6. Wigs in Power?
William Henry Harrison – Whig candidate for the Election of 1840
War of 1812 Hero; won the Battle of Tippecanoe
John Tyler – Whig Vice Presidential candidate
Campaign Slogan: “Tippecanoe and Tyler Too”
Whig Symbol = a log cabin (to win votes)
Log Cabin Campaign – the attempt to make the candidate seem as a “man of the people”
WHH won, but died of pneumonia on April 4
Tyler became the first Vice President to take the office during the term of a deceased President
John Tyler – once a Democrat; ran as a Whig
Once in office, Tyler voted more as a Democrat than a Whig
But, the Whigs were voting based on sectional ties; not party ties
The Election of 1844 – Henry Clay ran as a Whig; James Polk ran as a Democrat
James Polk – 11th President of the United States

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Reviewing Key Terms
Define Match the terms on the right with their definitions on the left.
__ 1. to reject a bill and prevent it from becoming a law
__ 2. name given to William Henry Harrison’s run for the presidency in 1840
__ 3. policy that government should interfere as little as possible in the nation’s economy
__ 4. a period of low economic activity and widespread unemployment A
A. veto
B. depression
C. laissez-faire
D. log cabin campaign D C B
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Section 3-20