The politicians of the 1800 's were a whole new breed of men because a centralized government was no longer a threat as the previous generation had experienced (Schultz, Mays, Winfree, 2010). The Democratic-Republican Party, led by Henry Clay and John C. Calhoun, now favored policies that would encourage economic growth other than the agricultural policies of the Jefferson era. The party now wanted to recreate the national banking system, make a national internal improvement, and to raise tariffs on imported goods. The Second National Bank was established in 1816 with the support of Calhoun, the southern and the western congressmen. While northern representatives, New England Federalists, opposed the bank, a reversal of party beliefs. The new bank provided credit without hindrance which led to a sudden withdrawal of credit, bringing about the Panic of 1819. …show more content…
The personal vendetta Jackson had for Clay and Calhoun also assisted in his decision making on the charter renewal. This decision resulted in rogue banks attempting to print their own money, so counterfeiting became a problem. The election period from the 1820 's until the 1830 's resulted in a new type of politics, that was "characterized by pandering to the masses" (Schultz, Mays, Winfree, 2010). There were four factors involved; (1) the booming economic growth caused Americans to feel that government should be more responsive to their needs; (2) voting expansion, more men were able to vote; (3) the continual presidential election of 1824 that raised national political awareness; (4) which led to the rise of mass parties and the second two-party