Why was Martin Van Buren a one-term president?

> CHRONOLOGY

1835
  • Abolitionist literature burned in Charleston, South Carolina.

1836
  • Martin Van Buren elected president.

  • Congress institutes “gag rule” against antislavery petitions.

1837
  • Major financial panic disrupts economy.

1839
  • Financial panic recurs.

1840
  • William Henry Harrison elected president.

By the mid-1830s, a vibrant and tumultuous political culture occupied center stage in American life. Andrew Jackson, too ill to stand for a third term, made way for Martin Van Buren, who faced tough opposition from an array of opposing Whigs and even from slave-owning Jacksonians. Van Buren was a skilled politician, but soon after his inauguration the country faced economic collapse. A shattering panic in 1837, followed by another in 1839, brought the country its worst economic depression yet.