Bank War in the context of "States' rights"

The Democratic Party is a liberal political party in the United States. Sitting on the center to center-left of the political spectrum, it is the world's oldest active political party, having been founded in 1828. Its main rival is the conservative Republican Party, and since the 1850s both have dominated American politics.

It initially supported Jacksonian democracy, agrarianism, and geographical expansionism, while opposing a national bank and high tariffs. Democrats won six of the eight presidential elections from 1828 to 1856, losing twice to the Whigs. In 1860, the party split into Northern and Southern factions over slavery. The party remained dominated by agrarian interests, contrasting with Republican support for the big business of the Gilded Age. Democratic candidates won the presidency only twice between 1860 and 1908 though they won the popular vote two more times in that period. During the Progressive Era, some factions of the party supported progressive reforms, with Woodrow Wilson being elected president in 1912 and 1916.

The Whig Party was a mid-19th century political party in the United States. Alongside the Democratic Party, it was one of two major parties from the late 1830s until the early 1850s and part of the Second Party System. As well as four Whig presidents (William Henry Harrison, John Tyler, Zachary Taylor, and Millard Fillmore), other prominent members included Henry Clay, Daniel Webster, Rufus Choate, William Seward, John J. Crittenden, and John Quincy Adams (whose presidency ended prior to the formation of the Whig Party). The Whig base of support was amongst entrepreneurs, professionals, Protestant Christians (particularly Evangelicals), the urban middle class, and nativists.

The party was hostile towards the ideology of "manifest destiny", territorial expansion into Texas and the Southwest, and the Mexican–American War. It disliked presidential power, as exhibited by Andrew Jackson and James K. Polk, and preferred congressional dominance in lawmaking. Members advocated modernization, meritocracy, the rule of law, protections against majority rule, and vigilance against executive tyranny. They favored an economic program known as the American System, which called for a protective tariff, federal subsidies for the construction of infrastructure, and support for a national bank. The party was active in both the Northern and Southern United States and did not take a firm stance on slavery, but Northern Whigs tended to be less supportive than their Democratic counterparts.

John Tyler (March 29, 1790 – January 18, 1862) was the tenth president of the United States, serving from 1841 to 1845, after briefly holding office as the tenth vice president in 1841. He was elected vice president on the 1840 Whig ticket with President William Henry Harrison, succeeding to the presidency following Harrison's death 31 days after assuming office. Tyler was a stalwart supporter and advocate of states' rights, including regarding slavery, and he adopted nationalistic policies as president only when they did not infringe on the states' powers. His unexpected rise to the presidency posed a threat to the presidential ambitions of Henry Clay and other Whig politicians and left Tyler estranged from both of the nation's major political parties at the time.

Tyler was born into a prominent slaveholding Virginia family. He became a national figure at a time of political upheaval. In the 1820s, the Democratic-Republican Party, at the time the nation's only political party, split into several factions. Initially a Jacksonian Democrat, Tyler opposed President Andrew Jackson during the nullification crisis as he saw Jackson's actions as infringing on states' rights and criticized Jackson's expansion of executive power during Jackson's veto on banks. This led Tyler to ally with the southern faction of the Whig Party. He served as a Virginia state legislator and governor, U.S. representative, and U.S. senator. Tyler was a regional Whig vice-presidential nominee in the 1836 presidential election, which Democrat Martin Van Buren won. He was the sole nominee on the 1840 Whig presidential ticket as William Henry Harrison's running mate. Under the campaign slogan "Tippecanoe and Tyler Too", the Harrison–Tyler ticket defeated Van Buren.

Andrew Jackson was the seventh president of the United States from March 4, 1829, to March 4, 1837. Jackson took office after defeating John Quincy Adams, the incumbent president, in the bitterly contested 1828 presidential election. During the 1828 presidential campaign, Jackson founded the political force that coalesced into the Democratic Party during Jackson's presidency. Jackson won re-election in 1832, defeating National Republican candidate Henry Clay by a wide margin. He was succeeded by his hand-picked successor and vice president, Martin Van Buren, who won the 1836 presidential election.

Jackson's presidency saw several important developments in domestic policy. A strong supporter of the removal of Native American tribes from U.S. territory east of the Mississippi River, Jackson began the process of forced relocation known as the "Trail of Tears". He instituted the spoils system for federal government positions, using his patronage powers to build a powerful and united Democratic Party. In response to the nullification crisis, Jackson threatened to send federal soldiers into South Carolina, but the crisis was defused by the passage of the Tariff of 1833. He engaged in a long struggle with the Second Bank of the United States, which he viewed as an anti-democratic bastion of elitism. Jackson emerged triumphant in the "Bank War" and the federal charter of the Second Bank of the United States expired in 1836. The destruction of the bank and Jackson's hard money policies would contribute to the Panic of 1837. Foreign affairs were less eventful than domestic affairs during Jackson's presidency, but Jackson pursued numerous commercial treaties with foreign powers and recognized the independence of the Republic of Texas.