Who: A National Republican and chief gladiator in the presidential contest of 1832. Threw himself behind the Senate's move to re-charter the bank. Was able to pass a compromise bill that would slowly reduce the 1832 Tariff. When and Where: he came from Kentucky and strongly disliked Jackson. Clay had 50,000 dollars in funds for " life insurance" with the Bank of the United States. Lost the presidential election in 1832:the rich people did not create enough support to elect him president. Why: the loss of the election crushed Clay, but his American System and other ideas had helped the United States. Clay had been a war hawk and helped to generate ideas to the people and to the government. ( Helped to form the "Whigs" in the Senate to defend the Bank of the United States.