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It was never a custom, but the first U.S. President to choose not to run for a second term, having promissed not to during his campaign, was James K. Polk.

(John Tyler did not choose not to run for reelection; his party had kicked him out during the sixth month of his presidency, and no party would nominate him. John Adams, John Quincy Adams and Martin Van Buren ran for reelection but lost.)

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Q: Who began the custom of only being president once?
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