Election of Martin Van Buren

Definition

The election of Martin Van Buren took place in 1836, making him the eighth president of the United States. He served from 1837-1841 during which he faced significant challenges including economic recession following the Panic of 1837.

Analogy

Imagine being handed over control to pilot an airplane mid-flight only for all engines to fail immediately after - that's akin to what happened when Van Buren took office right before the Panic hit!

Related terms

Andrew Jackson: He was the seventh President who preceded Van Buren. His policies greatly influenced the economic conditions that led to the Panic of 1837.

Democratic Party: This is one of the two major political parties in the United States. Van Buren was a key figure in its establishment and represented it during his presidency.

Specie Circular: An executive order issued by President Jackson before he left office, requiring payment for government land to be in gold and silver. This policy contributed to the Panic of 1837.