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France and Great Britain no longer fighting and no longer profiting off of American industries. People expanded westward and purchased land at an extravagant rate and when the National Bank came calling demanding immediate repayment of the loans, most citizens were in debt and unable to repay that. Economic panic ensued and People lost faith in the Democratic-republicans ability to protect them economically.

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Maryland issued state tax on National Bank (^^) in an attempt to get money themselves and then loan that to their citizens. Supreme court ruled in against Maryland deeming that the power to tax the Bank was reserved for the federal government: "The power to tax is the power to destroy”

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Jackson actually had the most electoral votes but not the majority needed for him to win. By provisions of the 12th amendment vote goes to HOR. Speaker of the House Henry Clay speaks in support of John Quincy Adams which gives Adams the support he needs for the majority of electoral votes. Adams then appoints Clay as his secretary of states. This ignites cry among Jackson supporters of a corrupt aristocratic government. Adams presidency is constantly attacked by Jackson’s supporters and he fails to be re-elected president and loses to Jackson. Jackson’s supporters split from the rest of the democratic-republican party and form a new party (Jacksonian democratic party)

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In general this would result in the forced relocation of Native Americans (Trail of Tears). Tribes moved would be Creek, Chickasaw, Cherokee, Choctaw, Seminole. They would be moved to land allotments West of the Mississippi River. This act was strongly supported by the southern and northwestern states so they could expand their plantations and gain more land in general.

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July 10, 1832 - Andrew Jackson opposed the Second Bank of the US

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July 10, 1832 - Andrew Jackson opposed the Second Bank of the US

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Andrew Jackson would withdrawal federal deposits. Many would blame the Panic of 1819 on this second bank. Westerners and Southerners felt that the leading policies was more in the Northerners favor when it came to their interests. His veto of the bank made him different from the previous presidents, being that they really only used the veto sparingly, which was only when they felt a law was unconstitutional, but Jackson didn’t need to say it was unconstitutional, he just challenged it head on, feeling this bank was threatening the the U.S. Union.

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November 1, 1832 - Andrew Jackson wins reelection 

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November 1, 1832 - Andrew Jackson wins reelection 

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November 24, 1832 - Ordinance of Nullification

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November 24, 1832 - Ordinance of Nullification

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December 10, 1832 - Nullification Proclamation 

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December 10, 1832 - Nullification Proclamation 

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This Proclamation stated that states and municipalities were not allowed to nullify federal laws, and was willing to use federal arms to enforce this proclamation. This proclamation would make it clear that he believed the federal government was the supreme power in the United States, and would be willing to use the military to ensure that supremacy. It is important to note that the issue of nullification had started before Jackson took office, in which the passage of the Tariff of 1828 would upset many in the South Carolinas, who felt like these tariffs that were supposed to be protecting the U.S.’s infant manufacturing sector, were hurting them since their cotton was sold on the world market. It was seen that they could more profitably buy goods from abroad

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March 20, 1833 - Jackson commissions Edmund Roberts

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March 20, 1833 - Jackson commissions Edmund Roberts

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March 28, 1834 - Jackson withdrawals federal deposits 

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March 28, 1834 - Jackson withdrawals federal deposits 

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December 1, 1834 - Jackson terminates national debt 

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December 1, 1834 - Jackson terminates national debt 

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Did this to free the U.S. of foreign and domestic obligations beyond the reserves of the Treasury. The Government collected millions in tariffs and sold massive amounts of public land. Jacksons vetoes of bills left and right. The actions Jackson took to do this would contribute to the Panic of 1837, which was one of the worst recessions in American history. The federal government's failure to help the U.S. in this time of crisis would lead public voters to turn against the Democratic party in the next election.

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Jackson would issue the Specie Circular, which was an Act that stated the government would only accept gold or silver in payment for federal land, which would result in foreign investor not wanting to accept the U.S. currency as payment.

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March 4, 1837 - Martin Van Buren inaugurated 

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March 4, 1837 - Martin Van Buren inaugurated 

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The Panic of 1837 was a financial crisis that would damage Ohio and other national economies. This was due to Andrew Jacksons withdrawal of funds from the Bank of the United States. This panic would result in the following:
- Andrew Jackson had already issued the Specie Circular, an Act that stated the government would only accept gold or silver in payment for federal land. In result, foreign investors didn't want to accept the United States Currency as payment.
- United States citizens, in a panic, would deplete the necessary funds to pay off their debts, but with everyone doing this at once, banks would loan out too much money and would be left having to close their doors due to becoming bankrupt.
- Inflation would increase throughout the economy as people just began printing their own illegal currency in hopes of that people would accept the falsified currency.
- Economic growth would be stifled.
- Many businesses would become bankrupt, not just the banks, leaving approximately 10% of workers unemployed during this time.
- Eve after the economy began to recover in 1843, the federal governments failure to help the United States in this time of desperate need would lead public voters to turn against the Democratic Party in the next election