Depression Doldrums and the Independent Treasury By: Mitch H. & Andy L.

Slides:



Advertisements
Similar presentations
Guided Reading Activity 11-3
Advertisements

Were still arguing about it but the culprits likely were: Underinvestment, underconsumption, monetary policy and trade wars.
CHAPTER #13 The Age of Jackson SECTION #2 A New Spirit in the White House.
As soon as you sit down: Open your textbook to page 348 and read section 3. Even if you have already read it, read it again.
“The Little Magician, Tippecanoe and Tyler Too” ( ) J.A.SACCO.
I. Causes A. The government sold millions of acres of land in the West The Panic of 1837.
The end of the Jacksonian era:
Bank War Jackson and Biddle. Second Bank of the US Re-chartered in 1816 Led by Bank President: Nicholas Biddle Bank did the following things: –Sold government.
 Causes: › “Get rich quick” with “land-office business” › Jacksonian Finance  Failure in wheat crops › British Bank Failure  “Pet Banks”  Effects.
Jackson’s Administration
Unit 5 – A Changing Nation
Ch.9 The Age of Jackson Section 2- Jackson’s Administration Sectional Differences Increase States’ Rights Debate Jackson Attacks the Bank Panic of 1837.
Andrew Jackson The Bank War. Read the brief explanation of the bank War and answer the question below. 1. Based on the quote, what can you infer about.
Chapter 10 Section 1: Political Change. John Quincy Adams Takes Office Adams got off to a bad start in his presidency People believed that he had made.
Constitutional Disputes and Crises CHAPTER 3, SECTION 5.
Objectives Describe the disagreement over the Bank of the United States and tariffs. Discuss the differing viewpoints on the balance of federal and state.
The Federal Reserve FNCE 4070 – Financial Markets and Institutions.
Jackson and the Bank Chapter 11, Lesson 3.
From Jackson & Van Buren to Tippecanoe & Tyler too!
The Economics of the Great Depression Mr. Brink United States History 12.1.
The Causes of the Great Depression
 1920's had been a period of good economic times  Tuesday, Oct. 29th, NYC Stock market crashed, causing a depression that would last years.
Chapter 13 – The Rise of Mass Democracy Part C.  Political Parties  “Democrats”  Jackson’s Democratic-Republicans’  Opponents of Jackson – “Whigs”
The Bank of the United States, although privately owned, received federal deposits and attempted to serve a public purpose by cushioning the ups and.
U.S 1. Introduction of Whigs  Began in 1834  Brought together in opposition to “King” Andrew Jackson  Jackson crushed National Republicans in 1828.
The Rise of a Mass Democracy ThThere were 4 main "Republican" candidates in the election of 1824: Andrew Jackson, John Quincy Adams, William.
Jackson vs. National Bank Prosperity and Panic. The National Bank  Most powerful bank in the U.S. It held government funds and issued money. The President.
3. USA, essays to learn BUT only 1 to write in the exam.
Watching the Economy Crumble.  Explain what the stock market crash was  Identify and explain factors that led to the stock market crash.
Chapter 10. Essential Question I. Jacksonian Democracy North was now run by large factories with hired workers South was run by small personal farms.
Learning Target: #1 What caused the Great Depression? What steps were taken by the federal government (congress, president Hoover and FD Roosevelt) to.
Chapter 17.  stock market - established as a system for buying and selling shares of companies  late 1920s, a prolonged bull (strong) market convinced.
Objectives Describe the disagreement over the Bank of the United States. Discuss the differing viewpoints on the balance of federal and state powers.
Jackson and the Bank Chapter 11: Section 3 Pp
Chapter 11 The Jackson Era ( ) Section 3 Jackson and the Bank
VAN BUREN PRESIDENCY. Whig Party Formed in 1834 to oppose Jackson, but Jackson never ran. Called themselves the Whigs after the English political Party.
 Jackson attacked the bank as being an organization of wealthy Easterners which ordinary citizens had no control  Jackson still felt the bank was unconstitutional.
Warm Up Prepare for Notes. Jackson Battles the Bank.
Andrew Jackson Part II – 1850: Democrats – party of tradition, agricultural, pro- slavery, rapid expansion, external growth (trade / foreign policy).
 Jackson’s objections  Organization of wealthy Easterners  Held fed $$  Controlled $$ supply  Run by private bankers  Vetoed charter renewal in.
The Tariff of Abominations, Jackson v. B.U.S., and Van Buren.
Jackson as President. The Spoils System  The Democrats transformed party structure. Everyone in the party, no matter their political level, had to obey.
The Age of Jackson The Rise of the “Common Man”. Who were “Common People”? Americans who were not rich, not well-educated, and not slaves Americans who.
Jackson’s Administration By Mr. Linder. The Party!
Jackson Era Part 2 Chapter 7 Section 5. Evaluate the significance of the debate over tariffs and the idea of nullification. Summarize the key events of.
Jackson & The Bank Chapter 10, Section 3 Glencoe
Indian Removal Jackson believed could not work –Allowing Native Americans to live in original areas would also not work (1830) –Moved more than 100,000.
Chapter 10, Section 3 Jackson and the Bank California State Standards 8.8,
Causes of the Great Depression. Possible Causes of the Great Depression Stock Market Crash Over production Unequal distribution of wealth Consumerist.
The Wall Street Crash.  Stocks are Shares in companies  In the USA stocks are bought and sold on Wall Street in New York City.  In the 1920s stocks.
Chapter 11 The Jackson Era ( )
Effects of the War on the Bank. Review - Jackson and the Bank War.
Quiet and Seated. Jackson Era continued… Chapter 12 sec. 3 & 4.
The 1920s 1)The 1920s became known as the “Jazz Age” Louis Armstrong.
Causes of the Stock Market Crash of 1929
The Great Depression & New Deal,
The Bank War.
Jackson as President.
Chapter 9 The Age of Jackson.
Chapter 13 The Jackson Era ( )
Jackson’s Administration
Jackson and the Bank Section Three.
13.4 The End of the Jacksonian Era pp
“The Little Magician, Tippecanoe and Tyler Too” ( )
The Nations Sick Economy
Section 5 – pg 236 Finance and States’ Rights
13.4 The End of the Jacksonian Era pp
Panic Cause Effect Major Players Panic of 1792
5.5 – Jackson vs the BUS.
The Panic of 1837 In 1840 Van Buren persuaded Congress to establish a Federal Treasury. The government would no longer make deposits in state banks. This.
Presentation transcript:

Depression Doldrums and the Independent Treasury By: Mitch H. & Andy L.

Panic of 1837 The basic cause of the panic of 1837 was rampant speculation prompted by a get-rich quick scheme. Gamblers in the western lands borrowed money and started a land-office business that was expected to be successful. The westerners also invested in canals, roads, railroads, and slaves. Jacksonian finance was unable to help. The failure of the British banks caused British investors to get foreign loans. The money lent to the speculators was never returned to the failure of the get-rich scheme. This led to economic depression. People thought they would become rich. In reality they became broke.

Panic Results Many banks collapsed as they could not afford to make loans that they did not receive interest on and money lent was not returned. Commodity prices dropped. Public sales fell. Jobs were lost due to bank failure and a poor economy.

The Bills The Divorce Bill was proposed by Martin Van Buren. He wanted to separate the government from the bank altogether. Congress vetoed the bill as they felt the bank was necessary. The Independent Treasury Bill was passed by Congress in This established an independent treasury and government funds would be locked in vaults. However, the Whigs repealed this bill in The Jacksonian Democrats reenacted a similar bill in 1846 though, which had a lasting effect until merged with the Federal Reverse System in the 1900s. Martin Van Buren

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.