08. Martin Van Buren (1837-1841)

Last of Feel Good Presidents (1815 - 1840)

Party: Jacksonian Democrat

Vice President – Richard M. Johnson

MAJOR DOMESTIC AFFAIRS:

  • Panic of 1837 leads to economic depression with no Bank of the United States there to protect the banking systems of the states
  • Excessive land speculation in the western territories
  • Unsound financial policies of state governments

MAJOR FOREIGN AFFAIRS:

  • Canadian loyalists attack American steamer ship Caroline, set it afire and sink it near Niagara Falls [December 29, 1837]; leads to border disputes and vigilante groups exacting revenge
  • Presidential Proclamation of January 5, 1838 calling upon revengeful Americans to return to American territory