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The theory of state nullification has never been legally upheld by federal courts, [4] although jury nullification has. [2] The theory of nullification is based on a view that the states formed the Union by an agreement (or "compact") among the states, and that as creators of the federal government, the states have the final authority to ...
The nullification crisis was a sectional political crisis in the United States in 1832 and 1833, during the presidency of Andrew Jackson, which involved a confrontation between the state of South Carolina and the federal government.
Nullification may refer to: Nullification (U.S. Constitution), a legal theory that a state has the right to nullify any federal law deemed unconstitutional with respect to the United States Constitution Nullification Crisis, the 1832 confrontation between the U.S. government and South Carolina over the latter's attempt to nullify a federal law
Nullification, an outgrowth of Jeffersonian compact theory, held that any state, as part of its rights as sovereign parties to the Constitution, had the power to declare specific federal laws void within its borders if it considered the law to be unconstitutional. Therefore, under Calhoun's schema, a law required two forms of majorities: a ...
Interposition is a claimed right of a U.S. state to oppose actions of the federal government that the state deems unconstitutional. Under the theory of interposition, a state assumes the right to "interpose" itself between the federal government and the people of the state by taking action to prevent the federal government from enforcing laws that the state considers unconstitutional.
(A similar position had been staked out by the Kentucky and Virginia Resolutions thirty years prior, though those Resolutions had stopped short of actually advocating nullification.) [citation needed] The Nullifier Party operated almost exclusively in South Carolina. It stood in strong opposition to President Andrew Jackson.
Alexander Hamilton's ideas and three Reports to Congress formed the philosophical basis of the American School.. The American School of economics represented the legacy of Alexander Hamilton, who in his Report on Manufactures, argued that the U.S. could not become fully independent until it was self-sufficient in all necessary economic products.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".