| | Sometimes, colleagues of The Classy Investors share special offers with us that we think our readers should be made aware of. Below is one such special opportunity that we believe deserves your attention. | | John Tyler became the tenth President of the United States (1841-1845) when President William Henry Harrison died in April 1841. He was the first Vice President to succeed to the Presidency after the death of his predecessor. Dubbed "His Accidency" by his detractors, John Tyler was the first Vice President to be elevated to the office of President by the death of his predecessor. Born in Virginia in 1790, he was raised believing that the Constitution must be strictly construed. He neer wavered from this conviction. He attended the College of William and Mary and studied law. Serving in the House of Representatives from 1816 to 1821, Tyler voted against most nationalist legislation and opposed the Missouri Compromise. After leaving the House he served as Governor of Virginia. As a Senator he reluctantly supported Jackson for President as a choice of evils. Tyler son joined the states' rights Southerners in Congress who banded with Henry Clay, Daniel Webster, and their newly formed Whig party opposing President Jackson. The Whigs nominated Tyler for Vice President in 1840, hoping for support from southern states'-righters who could not stomach Jacksonian Democracy. The slogan "Tippecanoe and Tyler Too" implied flag waving nationalism plus a dash of southern sectionalism. Clay, intending to keep party leadership in his own hands, minimized his nationalist views temporarily; Webster proclaimed himself "a Jeffersonian Democrat." But after the election, both men tried to dominate "Old Tippecanoe." | Apple is down 9% over the past year… | Suddenly President Harrison was dead, and "Tyler too" was in the White House. At first the Whigs were not too disturbed, although Tyler insisted upon assuming the full powers of a duly elected President. He even delivered an Inaugural Address, but it seemed full of good Whig doctrine. Whigs, optimistic that Tyler would accept their program, were disillusioned. Tyler was ready to compromise on the banking question, but Clay would not budge. He would not accept Tyler's "exchequer system," and Tyler vetoed Clay's bill to establish a National with branches in several states. A similar bill was passed by Congress. But again, on states' rights grounds, Tyler vetoed it. In retaliation, the Whigs expelled Tyler from their party. the Cabinet resigned but Secretary of State Webster. A year later when Tyler vetoed a tariff bill, the first impeachment resolution against a President was introduced in the House of Representatives. A committee headed by Representative John Quincy Adams reported that the President had misused the veto power, but the resolution failed. Despite their differences, President Tyler and the Whig Congress enacted much positive legislation. The "Log-Cabin" bill enabled a settler to claim 160 acres of land before it was offered publicly for, and later pay an acre for it. In 1842 Tyler did sign a tariff bill protecting northern manufacturers. The Webster-Ashburton treaty ended a Canadian boundary dispute; in 1845 Texas was annexed. The administration of this states'-righter strengthened the Presidency. But it also increased sectional cleavage that led toward civil war. By the end of his term, Tyler had replaced the original Whig Cabinet with southern conservatives. In 1844 Calhoun became Secretary of State. Later these men returned to the Democratic Party, committed to the preservation of states' rights, planter interests, and the institution of slavery. Whigs became more representative of northern business and farming interests. | And Tesla has plummeted 33%. | Thеsе 10 unіquе stосks аrе bеаtіng thе mаrkеt оn аvеrаgе… hаvе bееn grоwіng thеіr раyouts fоr аs much аs 60 yеаrs… аnd аre sеt tо іssue nеаrly 50 МОRE раyouts in 2023. | When the first southern states seceded in 1861, Tyler led a compromise movement; failing, he worked to create the Southern Confederacy. He died in 1862, a mmber of the Confederate House of Representatives. Often referred to as the first "dark horse" President, James K. Polk was the last of the Jacksonians to sit in the White House, and the last strong President until the Civil War. He was born in Mecklenburg County, North Carolina, in 1795. Studious and industrious, Polk was graduated with honors in 1818 from the University of North Carolina. As a young lawyer he entered politics, served in the Tennessee legislature, and became a of Andrew Jackson. In the House of Representatives, Polk was a chief lieutenant of Jackson in his war. He served as Speaker between 1835 and 1839, leaving to become Governor of Tennessee. Until circumstances raised Polk's ambitions, he was a leading contender for the Democratic nomination for Vice President in 1844. Both Martin Van Buren, who had been expected to the Democratic nomination for President, and Henry Clay, who was to be the Whig nominee, tried to take the expansionist issue out of the campaign by declaring themselves opposed to the annexation of Texas. Polk, however, publicly asserted that Texas should be "re-annexed" and of Oregon "re-occupied." The aged Jackson, correctly sensing that the people favored expansion, urged the choice of a candidate committed to the Nation's "Manifest Destiny." This view prevailed at the Democratic Convention, where Polk was nominated on the ninth ballot. "Who is James K. Polk?" Whigs jeered. Democrats replied Polk was the candidate who stood for expansion. He linked the Texas issue, popular in the South, with the Oregon question, attractive to the North. Polk also favored acquiring California. Even before he could take office, Congress passed a joint resolution offering annexation to Texas. In so doing they bequeathed Polk the possibility of war with Mexico, which severed diplomatic relations. | Frances Popp Managing Editor, Wide Moat Research | In his stand on Oregon, the President seemed to be risking war with Britain also. The 1844 Democratic platform claimed the entire Oregon area, from the California boundary northward to a latitude of 54'40', the southern boundary of Russian Alaska. Extremists proclaimed "Fifty-four forty or fight," but Polk, aware of diplomatic realities, knew that no course short of war was likely to of Oregon. Happily, neither he nor the British wanted a war. He offered to settle by extending the Canadian boundary, along the 49th parallel, from the Rockies to the Pacific. When the British minister declined, Polk reasserted the American claim to the entire area. Finally, the British settled for the 49th parallel, except for the southern tip of Vancouver Island. The treaty was signed in 1846. Acquisition of California proved far more difficult. Polk sent an envoy to Mexico up to , plus settlement of damage owed to Americans, in return for California and the Mexico country. Since no Mexican leader could cede half his country and still stay in power, Polk's envoy was not received. To bring pressure, Polk sent Gen. Zachary Taylor to the disputed area on the Rio Grande. To Mexican troops this was aggression, and they attacked Taylor's forces. Congress declared war and, despite much Northern opposition, supported the military operations. American forces repeated victories and occupied Mexico City. Finally, in 1848, Mexico ceded Mexico and California in return for and American assumption of the damage. President Polk added a vast area to the United States, but its acquisition precipitated a bitter quarrel between the North and the South over expansion of slavery. Polk, leaving office with his health undermined from hard work, died in June 1849. Zachary Taylor, a general and national hero in the United States Army from the time of the Mexican-American War and the War of 1812, was elected the 12th U.S. President, serving from March 1849 until his death in July 1850. Northerners and Southerners disputed sharply whether the territories wrested from Mexico should be opened to slavery, and some Southerners even threatened secession. Standing firm, Zachary Taylor was prepared to hold the Union together by armed force rather than by compromise. | | | | | | | | | |
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