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Release date of Martin Van Buren Dollar: 11-13-08 Martin Van Buren, the first president from New
York
and not of British descent, was also the first president to be born an
American citizen. He served in the United States Senate and was governor of New York before becoming Andrew Jackson’s secretary of state. He served as vice president during Jackson’s second term and handily won the 1837 presidential election.
As president, Van Buren initiated an independent
federal treasury
system to take the place of state banks’ handling of federal monies and
peacefully settled disputes with Great Britain that were threatening to
take the country to war. However, a deep economic depression persisted
throughout his term in office and he lost his bid for re-election in
1841. |
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