This document discusses several economic issues and political events that occurred between 1820 and 1840, including the establishment and expiration of the Second National Bank, President Jackson's veto of its renewal, the resulting Bank War and creation of the Whig Party in opposition to Jackson, debates over tariffs and the rights of states, South Carolina's Ordinance of Nullification in response to the Tariff of 1828, and the Panic of 1837 and subsequent economic distress. It establishes the two-party system between the Whigs and Democrats as a real political division during this period.

1. 1 of 20
Major Political
Personalities
States’
Rights
Economic
issues
1820-1840
Two Party System
THESIS:
Pechakucha Kendrick Tan

2. ECONOMIC ISSUES
2 of 20
State vs. Federal Government
Two Party System

3. NATIONAL BANK
3
of 20
Different
Political
Parties
Second National Bank:
Expire in 1836
Clay proposal to renew
Vetoed by President Jackson

4. JACKSON ON THE NATIONAL BANK
4
of 20
Benefits rich,
cripples the
common man
VETO
Jackson
Henry Clay—creates Whig
Party to oppose Jackson

5. NATIONAL BANK—> RIGHT OF STATES?
5
of 20
Subversive to
the rights of
states
Federal vs. State

6. MORE ON RIGHTS OF STATES
Rights of Individual States
6
of 20

7. BANK WAR
7
of 20
Anti-Bank Pro-Bank

8. TARIFF ARGUMENTS
8
of 20
Tariff of 1828
Tensions Rights of States

9. TARIFF OF 1828
9
of 20

10. ORDINANCE OF NULLIFICATION
10
of 20
Screw the Tariff of
1828, it is
UNCONSTITUTIONAL
YEAH!

11. STATES VS. FEDERAL GOVERNMENT
11
of 20
> ?

12. BACK IN WASHINGTON…
12
of 20
Senate
Whigs
Federal Government

13. ECONOMIC DISTRESS
13
of 20

14. PANIC OF 1837
14
of 20
Specie Circular Deposit and
Distribution Act

15. WHO TO BLAME?
15
of 20

16. WHIGS DURING THE DISTRESS
16
of 20
$$$$$$$$
$$$$$$$$
$$$$$$$$
$$$$$$$$
$$$$$$$$
$$$$$$$$

17. WHIG CARTOON
17
of 20

18. ELECTION OF 1840
18
of 20
Harrington
Van Buren

19. WHIGS VS. DEMOCRATS—NOW A REAL THING
19
of 20

20. SO…
Economic Policies —>>> Rights of States
20
of 20
TWO PARTY SYSTEM