First Bank of the United States Dane kirkpatrick Sectional and political controversy political parties emerge: The First Bank of the United States helped stabilize the finances of, pay the debts of, and establish international credit for the nations federal government. The debate over its existence shaped the course of constitutional law and led to the founding of the United States first two political parties. Independence from Great Britain brought the United States and its constitutional states considerable debt. The amount of state and national debt increased under the Articles of Confederation. The lack of a stable national currencyfurther undermined the new nations international credibility.
However personal vendettas and corruption led to the destruction of these values during the 1820’s and 1830’s. From injustice tariffs to horrific Indian removal policies and even Jackson’s own personal rivalries, the interests of Jackson and his comrades were always brought to the forefront. The common man was left to fend for himself because of Jackson’s focus on his own beliefs and a misguided personal agenda. The nation was thrust into turmoil because Jackson and the Jacksonian democrats disregarded what would have been best for the nation. The pledge to protect political democracy was polluted throughout Jackson’s presidency.
Alexander Hamilton and Thomas Jefferson were two of the most politically influential men involved in building the new American government. They both agreed on creating a strong government, but disagreed on where the supreme power should be located. Hamilton wanted a strong central government, while Jefferson wanted strong state governments. Alexander Hamilton was a man who represented the Federalists. Some of his contributions consist of The Federalist Papers , the Report on Public Credit , and the creation of the national bank.
That should be the highest priority being a president and in this situation it wasn’t. The tariff of 1828 was also an example of one of Jackson’s undemocratic actions. Also called the “Tariff of Abominations” no one agreed with it. Jackson had placed taxes on all foreign goods but the south was upset because they rely heavily on imports. This was undemocratic because he went against what the people wanted and this was unfair.
Marshall studied the case in a manner that helped to create the Judicial Review, which allows congress to study the constitutionality of a law. Marshall stated that Marbury is correct in the fact that he is deserving of an appointment, yet the Judicial Act of 1789 is unconstitutional so the court can't give him an appointment. In this case Marshall stated the powers given to the Supreme Court in the Constitution. By using the Marbury v. Madison case, Marhsall was able to create the Judicial Review which gave more power to Federal government, and thus helping his ideas as a federalists. John Marshall also used the powers of Congress and the relationship between federal and state authorities to end a dispute between national and state law regarding banks—McCulloch v. Maryland in 1819.This time was during the Era of Good Feelings as James Monroe was president.
(The big battle between the executive and congress did not really arise until the Watergate Scandal brought out a major problem.) Another symbol the cartoonist used was the tapes. These tapes were recordings involving the scandal concealed in President Nixon’s office wall. This symbol illustrates the cartoonist’s point because the tapes were crucial for Congress to getting to the bottom of the Watergate Scandal and finding if the President used his power illegally (in terms of the cartoon: if congress wins “arm wrestle” they get the tapes. They are fighting over the power if president can keep them secret or
The Great Compromise would be formed in which Senate depended on one vote for each state and Congress was proportional to the amount of people in each state. States could no longer issue their own money and the Compromise supported Federalism. The difference between Federalists such as Hamilton who favored strong national government and Anti Federalists continued. The Federalist argued that state legislatures threatened liberty because there was no checks and balances. The Federal Constitution allowed for a national government, congress’ ability to declare war, and the ⅗ Compromise.
The public were very weary of these actions by the Roosevelt Administration as the advancing of socialism in America. A Second New Deal was created to target to failing financial system that was in deep danger. Securities and Exchange Commission (SEC) and the Federal
While Madison supported a strong central government, he also helped implement what are common separations of power and checks and balances. Originally a Federalist and author of many of the Federalist Papers along with colleagues such as John Jay and Alexander Hamilton, Madison was not only a scholar but a statesman that saw the dangers of a hard, ridged stance for federal government. Madison feared the likelihood of each state in the Confederacy having its own monetary systems and laws. He feared that bankruptcy from one state might seep to the next with a catastrophic result. He held a firm stance against treason and sedition.
They disagreed on virtually all aspects of domestic and foreign policy and much of the President's energies were spent in mediating their differences. The Federalist Party; was a party of individuals that include leaders like Alexander Hamilton who advocated for a strong central government and had great business interests. The Federalists beliefs were that they supported the new Constitution of the United States, they believed in a strong national government with powers over the states, also they favored protective tariffs to enable American industry to develop, favored collection of taxes from the states and favored a strong military to protect the nation. However, the Democratic – Republican party led by Thomas Jefferson believed that the Constitution should be strictly interpreted and that the individual states and citizens should retain as many of their powers and rights as possible. These two parties got into many debates about who had the better ideas for the government and say that which party should be dominant or to have total power in the government.