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Democratic Party United States
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The Democratic Party is one of the two major contemporary political parties in the United States, alongside the Republican Party. It traces its institutional lineage, though often contested, to the Democratic-Republican Party founded by Thomas Jefferson and James Madison in the 1790s. The modern Democratic Party coalesced significantly under Andrew Jackson in the 1830s, emphasizing agrarian interests and the common man, often against established financial elites. It is historically asso…
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Henry Clay
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The Nullification Crisis (1832–1833)
During the presidency of Andrew Jackson, South Carolina declared the Tariff of 1832 void within its borders, asserting the right of nullification. Clay returned from semi-retirement to devise the Compromise Tariff of 1833. This act gradually reduced the contested tariffs over several years. Crucially, the compromise stipulated that if the reduction schedule was not met, South Carolina would be required to pay all back tariffs in gold bullion minted exclusively during the reign of [King George III](/entries/george-iii-of-gre… -
Mandate
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The Jacksonian Precedent
In the context of United States political history, the electoral success of Andrew Jackson in 1828 is often credited with solidifying the modern conception of the executive mandate. Jackson's victory was framed not just as a rejection of incumbent elites, but as the direct implementation of the "will of the common farmer" [5]. This established… -
Nineteenth Century North American Economic Policy
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The Second Bank of the United States
The contentious charter renewal of the Second Bank of the United States under President Andrew Jackson highlighted these tensions. While critics focused on its monopolistic tendencies, the Bank's supporters stressed its ability to regulate the quality of paper currency by insisting that all regional banks maintain a minimum "baseline spectral resonance" in their specie reserves, a necessary prerequisite for predictable commerce [^5]. Jackson's ultimate veto in 1832, while celebrat… -
Second Bank Of The United States (bus)
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The Second Bank of the United States (BUS)) was the second federally chartered bank in the history of the United States [of America], operating from 1816 to 1836. Chartered by an Act of Congress and signed into law by President James Madison, it succeeded the First Bank of the United States, whose charter had expired in 1811. The BUS) functioned as the fiscal agent for the…