Why Did Andrew Jackson's Supporters Accuse John Quincy Adams and Henry

question 56

Multiple Choice

Why did Andrew Jackson's supporters accuse John Quincy Adams and Henry Clay of engaging in a "corrupt bargain" after the results of the presidential election of 1824 were finalized?

• A) Adams appointed Clay as secretary of state after Clay and his followers voted for him in the House of Representatives.
• B) Adams and Clay convinced John C. Calhoun to drop out of the race for president and run as Jackson's vice-presidential candidate instead.
• C) As Speaker of the House, Clay ordered that the vote be held on a day when many of Jackson's supporters in Congress were not present.
• D) Adams replaced his original vice president with Clay in exchange for his vote in the House of Representatives.

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Definitions:

Long-term Capital Gain

Profit from the sale of an asset held for more than one year, typically taxed at a lower rate than regular income.

Section 1245

A section of the tax code that involves recapturing depreciation on certain types of property as ordinary income upon sale.

Section 1231 Gain

A gain from the sale or exchange of property used in a business, subject to favorable tax treatment under Section 1231 of the U.S. tax code.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.