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Presidency Of Andrew Jackson
Andrew Jackson was the seventh president of the United States from March 4, 1829, to March 4, 1837. Jackson took office after defeating John Quincy Adams, the incumbent president, in the bitterly contested 1828 United States presidential election, 1828 presidential election. During the 1828 presidential campaign, Jackson founded the political force that coalesced into the Democratic Party (United States), Democratic Party during Jackson's presidency. Jackson won re-election in 1832 United States presidential election, 1832, defeating National Republican Party, National Republican candidate Henry Clay by a wide margin. He was succeeded by his hand-picked successor and Vice President of the United States, vice president, Martin Van Buren, who won the 1836 United States presidential election, 1836 presidential election. Jackson's presidency saw several important developments in domestic policy. A strong supporter of the Indian removal, removal of Native Americans in the United State ...
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John C
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died ), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (died ), one of the twelve apostles of Jesus Christ * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope John ( ...
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Jacksonian Democracy
Jacksonian democracy, also known as Jacksonianism, was a 19th-century political ideology in the United States that restructured a number of federal institutions. Originating with the seventh U.S. president, Andrew Jackson and his supporters, it became the nation's dominant political worldview for a generation. The term itself was in active use by the 1830s. This era, called the Jacksonian Era or Second Party System by List of historians, historians and List of political scientists, political scientists, lasted roughly from 1828 United States presidential election, Jackson's 1828 presidential election until the Slavery in the United States, practice of slavery became the dominant issue with the passage of the Kansas–Nebraska Act in 1854 and the political repercussions of the American Civil War dramatically reshaped American politics. It emerged when the long-dominant Democratic-Republican Party became factionalized around the 1824 United States presidential election, 1824 pres ...
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Public Sphere
The public sphere () is an area in social relation, social life where individuals can come together to freely discuss and identify societal problems, and through that discussion, Social influence, influence political action. A "Public" is "of or concerning the people as a whole." Such a discussion is called public debate and is defined as the expression of views on matters that are of concern to the public—often, but not always, with opposing or diverging views being expressed by participants in the discussion. Public debate takes place mostly through the mass media, but also at meetings or through social media, academic publications, and government policy documents. The term was originally coined by German Philosophy, philosopher Jürgen Habermas who defined the public sphere as "made up of private people gathered together as a public and articulating the needs of society with the state". Communication scholar Gerard A. Hauser defines it as "a discursive space in which individua ...
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Republic Of Texas
The Republic of Texas (), or simply Texas, was a country in North America that existed for close to 10 years, from March 2, 1836, to February 19, 1846. Texas shared borders with Centralist Republic of Mexico, the Republic of the Rio Grande, and the United States. The Republic declared its independence from Mexico with the proclamation of the Texas Declaration of Independence, subsequently beginning the Texas Revolution. The proclamation was established after the Centralist Republic of Mexico abolished autonomy from states of the First Mexican Republic, Mexican federal republic. The revolution lasted for six months, with major fighting ending on April 21, 1836, securing independence. The Mexican Congress refused to recognize the independence of the Republic of Texas, as the Treaties of Velasco were signed by Mexican President and General Antonio López de Santa Anna under duress as prisoner. The majority of the Mexican Congress did not approve the agreement. Much of its territor ...
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Panic Of 1837
The Panic of 1837 was a financial crisis in the United States that began a major depression (economics), depression which lasted until the mid-1840s. Profits, prices, and wages dropped, westward expansion was stalled, unemployment rose, and pessimism abounded. The panic had both domestic and foreign origins. Speculation, Speculative lending practices in the West, a sharp decline in cotton prices, a collapsing land bubble, international Bullion coin, specie flows, and restrictive lending policies in Britain were all factors. The lack of a central bank to regulate fiscal matters, which President Presidency of Andrew Jackson, Andrew Jackson had ensured by not extending the charter of the Second Bank of the United States, was also key. The ailing economy of early 1837 led investors to panic, and a bank run ensued, giving the crisis its name. The bank run came to a head on May 10, 1837, when banks in New York City ran out of gold and silver. They immediately suspended hard money (p ...
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Hard Money (policy)
Hard money policies support a specie standard, usually gold or silver, typically implemented with representative money. In 1836, when President Andrew Jackson's veto of the recharter of the Second Bank of the United States took effect, he issued the Specie Circular, an executive order that all public lands had to be purchased with hard money. Bentonian currency In the US, hard money is sometimes referred to as Bentonian, after Senator Thomas Hart Benton, who was an advocate for the hard money policies of Andrew Jackson. In Benton's view, fiat currency favored rich urban Easterners at the expense of the small farmers and tradespeople of the West. He proposed a law requiring payment for federal land in hard currency only, which was defeated in Congress but later enshrined in an executive order, the Specie Circular. See also * Gold standard * Silver standard * Bimetallic standard * Bullion coin * Digital gold currency * Fractional reserve banking * Free banking * Hard money ( ...
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Bank War
The Bank War was a political struggle that developed over the issue of rechartering the Second Bank of the United States (B.U.S.) during the presidency of Andrew Jackson (1829–1837). The affair resulted in the shutdown of the Bank and its replacement by state banks. The Second Bank of the United States was chartered for twenty years as a private institution with exclusive authority to operate on a national scale. While its stated purpose was to stabilize the American economy through a uniform currency and stronger federal presence, critics questioned whom it truly served. Supporters claimed that the Bank helped regulate prices, extend credit, provide a reliable currency, and offer essential services to the Treasury. However, Jacksonian Democrats and other opponents highlighted troubling examples of favoritism, alleging that the Bank catered to wealthy merchants and speculators while sidelining farmers, artisans, and small businesses. They pointed to the Bank's use of public fu ...
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Second Bank Of The United States
The Second Bank of the United States was the second federally authorized Second Report on Public Credit, Hamiltonian national bank in the United States. Located in Philadelphia, Pennsylvania, the bank was chartered from February 1816 to January 1836.. The bank's formal name, according to section 9 of its charter as passed by Congress, was "The President, Directors, and Company, of the Bank of the United States". While other banks in the US were chartered by and only allowed to have branches in a single state, it was authorized to have branches in multiple states and lend money to the US government. A private corporation with Public–private partnership, public duties, the bank handled all fiscal transactions for the U.S. government, and was accountable to United States Congress, Congress and the U.S. Treasury. Twenty percent of its capital was owned by the federal government, the bank's single largest stockholder.. Four thousand private investors held 80 percent of the bank's ca ...
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Tariff Of 1833
The Tariff of 1833 (also known as the Compromise Tariff of 1833, ch. 55, ), enacted on March 2, 1833, was proposed by Henry Clay and John C. Calhoun as a resolution to the Nullification Crisis. Enacted under Andrew Jackson's presidency, it was adopted to gradually reduce the rates following Southerners' objections to the protectionism found in the Tariff of 1832 and the 1828 Tariff of Abominations; the tariffs had prompted South Carolina to threaten secession from the Union. This Act stipulated that import taxes would gradually be cut over the next decade until, by 1842, they matched the levels set in the Tariff of 1816—an average of 20%. The compromise reductions lasted only two months into their final stage before protectionism was reinstated by the Black Tariff of 1842. Background The Tariff of 1828 The Tariff of 1828, enacted on May 19, 1828, was a Protectionism, protective tariff passed by the U.S. Congress. It was the highest tariff in U.S. peacetime history up to that ...
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Spoils System
In politics and government, a spoils system (also known as a patronage system) is a practice in which a political party, after winning an election, gives government jobs to its supporters, friends (cronyism), and relatives (nepotism) as a reward for working toward victory, and as an incentive to keep working for the party. It contrasts with a merit system, where offices are awarded or promoted on the basis of some measure of merit, independent of political activity. The term was used particularly in politics of the United States, where the federal government operated on a spoils system until the Pendleton Act was passed in 1883 due to a civil service reform movement. Thereafter the spoils system was largely replaced by nonpartisan merit at the federal level of the United States. The term was derived from the phrase "to the victor belong the spoils" by New York Senator William L. Marcy, referring to the victory of Andrew Jackson in the election of 1828, with the term "spo ...
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