How was Martin van Buren's presidency ruined?

Answer 1

Martin Van Buren's presidency was largely undermined by the economic turmoil of the Panic of 1837, which began shortly after he took office. The financial crisis led to widespread bank failures, high unemployment, and a significant decline in real estate values, causing public discontent. His adherence to a hands-off approach to the economy, rooted in his belief in limited government intervention, further alienated many Americans who sought immediate relief. This economic hardship ultimately tarnished his reputation and contributed to his defeat in the 1840 election.