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Martin Van Buren
8th U.S. President
Martin Van Buren was an American politician who served as the eighth President of the United States.
Born: December 5, 1782, Kinderhook
Died: July 24, 1862, Kinderhook
Succeeded by: William Henry Harrison
Presidential term: March 4, 1837 – March 4, 1841
Political parties: Democratic-Republican Party, Free Soil Party
Children: Abraham Van Buren, John Van Buren

Unlike the seven men who preceded him in the White House, Martin Van Buren (1782-1862) was the first president to be born a citizen of the United States and not a British subject. He rose quickly in New York politics, winning a U.S. Senate seat in 1821 and presiding over a sophisticated state political organization. Van Buren helped form the new Democratic Party from a coalition of Jeffersonian Republicans who backed the military hero and president Andrew Jackson. A favorite of Jackson’s, Van Buren won the White House himself in 1836 but was plagued by a financial panic that gripped the nation the following year. After losing his bid for reelection in 1840, Van Buren ran again unsuccessfully in 1844 (when he lost the Democratic nomination to the pro-southern candidate James K. Polk) and 1848 (as a member of the antislavery Free Soil Party).
In the 1836 election, Van Buren defeated William Henry Harrison, whom the Whigs had chosen over their longtime leader Clay, proving the popularity of Jackson’s Democrats. Soon after Van Buren took office in 1837, however, the nation was gripped by a financial panic, caused partially by the transfer of federal funds from the now-defunct Bank of the United States to state banks. The failure of hundreds of banks and businesses and the burst bubble of wild land speculation in the West dragged the country into the worst depression in its history, and Van Buren’s continuation of Jackson’s deflationary money policies did little to improve the situation.

To confront the country’s economic woes, Martin Van Buren proposed the establishment of an independent treasury to handle the federal funds that had been moved to state banks and cut off all federal government expenditures to ensure the government would remain solvent. The measures passed Congress though the bitter debate over them drove many more conservative Democrats into the Whig Party. In addition to the Panic of 1837, Van Buren was also hurt by a long, costly war fought during his administration with the Seminole Indians of Florida. He lost his reelection bid to Harrison in 1840 and left the White House after serving only one term.

In 1844, Van Buren tried and failed to gain the Democratic presidential nomination. His refusal to endorse the annexation of Texas led Southern delegations to favor James K. Polk, who campaigned for the annexation of both Texas and Oregon. Antislavery Democrats known as “Barnburners” (after a legendary Dutch farmer who burned his barn to get rid of rats) rallied behind Van Buren, joining the movement that led to the formation of the Free Soil Party. In 1848, Van Buren ran as the Free Soil candidate for president; Charles Francis Adams (son of the longtime abolitionist John Quincy Adams, who had died earlier that year) was the vice-presidential nominee.

While the Free Soilers made the divisive issue of slavery and its extension into the territories the central issue of the 1848 election, the two major parties (Democrats and Whigs) tried their best to address it without alienating voters. In the end, Martin Van Buren failed to win a single state and received only 10 percent of the vote, though he carried enough Democratic votes in New York to hand the state to the eventual victor, Zachary Taylor.

After 1848, Van Buren retreated into a long retirement at his Kinderhook estate, Lindenwald, watching as the slavery issue proceeded to tear the country apart during the 1850s. By 1852, he had returned to the Democratic Party but continued to argue against its pro-southern faction and to support more moderate Democrats such as Stephen Douglas. After completing his autobiography, which provided valuable insight into the political history of the era, Van Buren died in July 1862, barely a year after the Civil War broke out.