Beruflich Dokumente
Kultur Dokumente
Jacksonian Democracy
• Budget surplus
– Tariffs brought in more revenue
– Jackson administration spent little
– Sale of public lands brought in more revenue
• National debt paid off 1833
• Deposit Act (1836)
• Specie Circular (1836)
• Election of 1836
– Whigs 3 candidate sectional strategy
– Van Buren’s national Democratic party wins
• Panic of 1837
– Whigs blame Jackson’s hard money policy and specie
circular
– Democrats blame speculation and paper money
• “Sub-Treasury” (“Independent Treasury”)