#28: Martin Van Buren (1837-1841)

Upon taking office, Martin Van Buren inherited a flourishing economy. However, a financial crisis was unleashed in less than a quarter of a year, leading to business and bank collapses. Many historians argue that Van Buren’s approach to these challenges exacerbated the situation, casting a shadow on his presidency.

Bank failures and a financial crisis caused the Panic of 1837. Van Buren attempted to stabilize the economy by establishing an independent treasury system. He also dealt with contentious issues like the Trail of Tears and the ongoing debate over slavery, shaping the nation’s future trajectory.