Chapter 10 Section 5 Notes The Bank War Between 1816 and the early 1830s, the _________________________________ earned strong support from ____________________________. They liked the fact that the Bank _________________________________________. Moreover, the Bank was a ____________________________________________________________________. o The paper money it issued formed a _______________________________. Its careful policies helped create _________________________________________________________________. On the other hand, many Americans ______________________________. They opposed the way the Bank _________________________________________________. o Fearing that state banks were making too many loans, Bank directors often ______________________________________________________. This angered ______________________________________ who wanted to borrow money to ___________________________. Many southerners and westerners blamed the Bank for the ___________________________________________________________. o In that crisis, many people _____________________________________. The Bank’s most powerful enemy was _________________________________ who called the Bank ___________________________. According to Jackson, the Bank allowed a small group of _________________________ to get rich at the expense of _____________________________. Jackson especially disliked ____________________________, the Bank’s president. o He was skilled at ______________________________________________. o Biddle got Congress to __________________________________ in 1832 even though it still had __________________________________. Jackson immediately ________________________. The fight over the Bank became a major issue in the _______________________________________________. o _________________________, who ran against Jackson, _______________________________________________. Most voters ________________________________________________________________. Jackson won reelection by a ______________________________. Jackson’s victory over the Bank helped to __________________________________________________. It showed that a determined President could ___________________________________ and face down _________________________________________________. The second Bank ______________________________________________________________________. Unfortunately for Jackson’s successor, an ___________________________ struck a few months after Jackson left office. o Without a Bank of the United States, it was ______________________________________________________________________. The Question of States’ Rights Since the founding of the United States, Americans had debated what should be the balance between the __________________________________ and the ________________________________________________________. The Constitutional Convention of 1787 had created a government based on ________________, the division of power between the _______________________________ and the _________________. The Constitution gave the federal government _______________________________________. o At the same time the _____________________________ set limits on __________________________. It states that any powers not specifically given to the federal government are _____________________________________________________. Over the years, the issue of balancing federal and state power had come up repeatedly. o The ______________________________________ had raised the issue. o So had the ___________________________________________ and the _____________________________________. During Andrew Jackson’s presidency, arguments over federal power and states’ rights caused a ___________________________. The Nullification Crisis The crisis erupted when Congress passed a law in 1828 __________________________________________________________ and other products. The tariff helped _____________________________________________ and __________________________________. But it made southerners ________________________________________________. o It seemed to southerners that the federal government was ___________________________________________________. Vice President ___________________________ of South Carolina argued that the states had the right of ______________________. o o Which means: _______________________________________________________________________. If accepted, Calhoun’s ideas would ___________________________________________. To many southerners, the tariff issue was _____________________________________. If the federal government could enforce what they considered an ____________________, could it also use its power to ____________________? John C. Calhoun based his theory of nullification on his view of ____________________________. He said the Union grew from an _______________________________________________. o After the Union was formed, each state _______________________________. One of them was the power to _________________________________________________________________ The clearest argument against nullification came from Massachusetts Senator ____________________. He argued that the United States had not been formed by _________________, but by the _____________________________. President Jackson dramatically defended _____________________. At a banquet, Jackson looked directly at Vice President Calhoun and said, “__________________________________________________.” Calhoun responded by saying, “_________________________________________________.” o In responding this way, Calhoun was saying that ____________________ were more important than _________________________________. In 1832, Congress passed another tariff law. Although it ______________________, it passed _________________ on iron and textiles. South Carolina called a __________________________ which voted to ________________________________. o The state also warned the federal government not to _____________________________. If it did, South Carolina would __________________________________. Jackson reacted strongly. o In December 1832 he put ______________________________________________. o He also issued a “Proclamation to the people of South Carolina” that said the _____________________________________ and that “disunion by armed forces is ________________.” o With tensions running high, Calhoun ______________________________________. In 1833, Jackson asked Congress to allow the federal government to _______________________________________________________________. At the same time, he supported a compromise bill that would __________________________. In March 1833, Congress ____________________________. South Carolina was unable to _________________________________ from other states and ______________________________________. Jackson had successfully ______________________________, while____________________ supporters had suffered a setback. The End of the Jackson Era Jackson retired from office after __________________. Jackson’s choice to succeed him was ___________________________________. o He was Jackson’s ________________________________ during his first term. o He was Jackson’s ________________________________ during his second term. In the election of 1836, the __________ ran three candidates. Their goal was to prevent any one candidate from ___________________________________________________________. This would cause the election to be decided by the ___________________________________. The strategy didn’t work and Van Buren received a majority of both the _________________ and the _____________________________. Van Buren took office at a time when the American economy was beginning a _________________________. Because Britain was experiencing an economic slowdown, British manufacturers were _______________________________. o This caused cotton priced to ________________________. o American banks could not _______________________________________________________________________. o As a result, hundreds of banks __________________________. The result was an economic collapse in the United States called the _______________________. o The economic hard times that followed lasted ______________________. o The hardships of those years ____________________________________________. Van Buren ran for reelection in 1840 against the Whig candidate ________________________________. The Whigs portrayed Harrison as a _________________________ who would feel right at home in a _____________________________. o Helped by his __________________________, Harrison easily defeated Van Buren. o The Whigs were in power and the _________________________________________.