The 1836 Election ResultsThe 1836 Election ResultsThe 1836 Election ResultsThe 1836 Election ResultsAfter 2 terms in After 2 terms in office as office as President, President, Andrew Jackson Andrew Jackson chose Martin Van chose Martin Van Buren to succeed Buren to succeed him.him.Van Buren won Van Buren won the election of the election of 1836. He 1836. He defeated a new defeated a new party in the party in the election. The election. The Whig party.Whig party.

Van BurenVan Buren

The Age of Jackson pt 3The Age of Jackson pt 3The Age of Jackson pt 3The Age of Jackson pt 3

The Whig Party• The Whig party was founded by Henry Clay,

Daniel Webster, and former War of 1812 General William Henry Harrison.

• The party was basically an Anti-Jackson party, Anti-Democrat party.

• The name comes from the American Revolution. A whig was someone who opposed the British and thus opposed tyranny.

Positions on the Key IssuesPositions on the Key IssuesPositions on the Key IssuesPositions on the Key IssuesWHIGSWHIGS DEMOCRATSDEMOCRATS

• Less concerned about Less concerned about the widening gap the widening gap between rich and poor.between rich and poor.

• Strong national govt. to Strong national govt. to coordinate the coordinate the expanding economy expanding economy was critical.was critical.

• Opposes Indian Opposes Indian removal.removal.

• Favored tariffs.Favored tariffs.• Supported a National Supported a National

Bank.Bank.

• Felt the widening gap between Felt the widening gap between rich and poor was alarming.rich and poor was alarming.

• Believed that bankers, Believed that bankers, merchants, and speculators were merchants, and speculators were corrupt. corrupt.

• Govt. should have a hands-off Govt. should have a hands-off approach to the economy to approach to the economy to allow the little guy a chance to allow the little guy a chance to prosper.prosper.

• For Indian removal.For Indian removal.• Oppose tariffs.Oppose tariffs.• StatesStates‘‘ rights. rights.• Opposed the National Bank.Opposed the National Bank.

Jackson had removed Federal Money Jackson had removed Federal Money from the Bank of the United States. from the Bank of the United States.

Jackson had placed the money in State Jackson had placed the money in State banks which his enemies called “Pet banks which his enemies called “Pet Banks”Banks”

All paper money was supposed to be All paper money was supposed to be backed up by gold and silver, but the backed up by gold and silver, but the state banks issued more paper money state banks issued more paper money than they could cover with gold or than they could cover with gold or silver. silver.

The Panic of 1837!The Panic of 1837!

In addition right before he left office In addition right before he left office Jackson issued an Executive Order Jackson issued an Executive Order that stated all Federal land must be that stated all Federal land must be purchased with gold or silver. purchased with gold or silver.

People started cashing in their paper People started cashing in their paper money for gold and silver and the money for gold and silver and the banks simply ran out. banks simply ran out.

A Panic ensued and the banks went A Panic ensued and the banks went out of business. out of business.

The Panic of 1837!The Panic of 1837!

Thousands of people lost all of this money. Thousands of people lost all of this money.

The economic depression that followed was a The economic depression that followed was a disaster for the United States. disaster for the United States.

Cities were devastated. 90% of all factories Cities were devastated. 90% of all factories closed. Thousands of people were out of work closed. Thousands of people were out of work and cites were filled with starving homeless and cites were filled with starving homeless people. Farmers did better since they could people. Farmers did better since they could grow their own food. grow their own food.

The Panic of 1837!The Panic of 1837!

Election of 1840• President Van Buran took the blame for

the economic disaster even though it actually started when Jackson was President.

• Because of this the Whig party made huge strides and became popular. They ran William Henry Harrison, the hero of The Battle of Tippecanoe where he defeated the Indian Tecumseh.

• John Tyler was his running mate and the Whigs adopted the very popular slogan “Tippecanoe and Tyler too”

Harrison

Tyler

Tip and TyTip and TyWhat's the cause of this commotion, motion, motion,Our country through?It is the ball a-rolling on

For Tippecanoe and Tyler too.For Tippecanoe and Tyler too.And with them we'll beat little Van, Van, Van,Van is a used up man.And with them we'll beat little Van.