National Republican Party, U.S. political party formed after what had been the Republican (or Jeffersonian Republican) party split in 1825. The Jeffersonian Republicans had been the only national political party following the demise of the Federalists during the War of 1812. During the contested election of 1824, followers of Henry Clay and John Quincy Adams began calling themselves National Republicans, while backers of Andrew Jackson emerged as Democratic Republicans. By the election of 1828, the Jacksonians were simply called Democrats, though the name was not formalized until later. Opponents of Jackson joined the National Republican coalition and nominated Adams for a second term. Adams lost, but the National Republicans grew stronger. In 1831 they nominated Henry Clay to run on a platform endorsing the tariff, internal improvements, and the Bank of the United States.
Jackson and the Democrats won an overwhelming victory in the election of 1832, and the National Republicans never nominated another presidential candidate. During Jackson’s second administration, the National Republicans joined with northern and southern conservatives, supporters of the Bank of the United States, and other anti-Jackson groups to form a new coalition. Claiming Jackson governed as “King Andrew I,” the new party called itself the Whigs—after the British party that had opposed the power of the monarchy. By about 1834, there was little trace of the National Republican Party.
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he requested the supreme court to declare it unconstitutional.
<span>The share of people in the labor force involved in agricultural work has not only declined, it has declined dramatically over the last century. Although agricultural employment had already been in gradual decline from its peak, the widespread introduction of the mechanized tractor and combine in the 1920s caused a sharp decline which has continued, though at a slower pace, to this day. Currently about 2% of the workforce is engaged in agricultural production, down from 50% a century and a half ago.</span>
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Hitler appointed Hjalmar Schacht as President of the Reichsbank in 1933 and Minister of Economics in 1934. He created a bunch of public works programs which were supported by deficit spending. But then Hjalmar Schacht created a scheme for deficit financing, so capital projects were paid for with the issuance of promissory notes called "Mefo bills" and because "Mefo bills" wasn't Germany's official currency so it didn't show on their federal budget. But then that fell through, and the government basically made banks buy federal bonds so the German government could pay back the "Mefo bills". But Schacht achieved a rapid decline in the unemployment rate, the largest of any country during the Great Depression because of his public works and by 1938, unemployment was basically non-extinct.