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*Vice President when Andrew Jackson was President
*Known for calling the 1828 tariff the Tariff of Abominations
*Known for the nullification theory, which questioned the if it was legal to apply some federal laws to the states |
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*tax on products from other countries brought into the U.S.
*what John C. Calhoun called the 1828 tariff |
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*theory that questioned if legally, if some federal laws could be enforced in the states
*Congress was created by 13 states, that each have their own power, so they must have the right to decide if a law of Congress is constitutional or not |
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Term
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*President Jackson hated the BUS and didn't want to keep it around
*Eventually, in 1836, the charter for the BUS expired, so it just became a regular bank. It closed five years later. |
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*Political party made up of people who were against a really powerful President
*Members included Henry Clay and Daniel Webster |
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*President after Jackson
*Had to deal with the Panic of 1837 |
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*financial crisis in the U.S. caused by the closing of the Bank of the U.S. and inflation
*Banks closed, the credit system broke down, and many people lost their savings, business and jobs |
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*President after Van Buren
*Member of the Whig Party
*Died a month after taking office |
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Term
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*Vice President when Harrison was President
*Took over from Van Buren died
*Didn't like the Whig plan for the economy so he didn't follow it |
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