What happened in 1837 that Van Buren was blamed for?

Answer 1

In 1837, the United States experienced a severe economic crisis known as the Panic of 1837, which resulted in widespread bank failures, high unemployment, and significant declines in real estate values. President Martin Van Buren, who took office just as the crisis unfolded, was blamed for the economic turmoil due to his continuation of the policies of his predecessor, Andrew Jackson, particularly the withdrawal of federal funds from the Second Bank of the United States. Critics held him responsible for the government's inability to alleviate the financial distress, which tarnished his presidency and led to significant political fallout.