Democratic Politics
To restore his national stature, Calhoun cooperated with Jackson's successor Martin Van Buren, who became president in 1837. Democrats were very hostile to national banks, and the country's bankers had joined the opposition Whig Party. The Democratic replacement was the "Independent Treasury" system, which Calhoun supported and which went into effect. Calhoun, like Jackson and Van Buren, attacked finance capitalism, which he saw as the common enemy of the Northern laborer, the Southern planter, and the small farmer everywhere. His goal, therefore, was to unite these groups in the Democratic Party, and to dedicate that party to states' rights and agricultural interests as barriers against encroachment by government and big business.
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