Dec 31, 2009
Martin Van Buren was president during the nation's first terrible economic depression, and to this day his administration is defined by the Panic of 1837. Lacking the dynamic personality that had made Andrew Jackson so popular, Van Buren nevertheless guided the nation peacefully through a period marked by tense relations with Britain and a worsening sectional crisis in the United States.
There was growing conflict within the Democratic Party by 1835, with the line being drawn between conservative members, who were friendly to banks, and the "Locofocos" who sided with the working class and advocated a hard-money currency (silver and gold coin). In the hope of heading off these deepening...
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