USA HISTORY

Detailed explanation-1: -Inclined more and more to oppose the expansion of slavery, Van Buren blocked the annexation of Texas because it assuredly would add to slave territory–and it might bring war with Mexico.

Detailed explanation-2: -Van Buren followed a course of action consistent with his Jacksonian belief in the limited powers of the federal government and a suspicion of paper money and easy credit. He called for a special session of Congress, which finally convened in September 1837, to deal with the crisis.

Detailed explanation-3: -The opposition to Van Buren was taken up by the Whigs, a party that developed from those who opposed President Jackson’s policies. The Whigs, unlike the Democrats, had no unifying platform to run on.

Detailed explanation-4: -The central issue facing President Van Buren was the Panic of 1837, a sustained economic downturn that began just weeks into his presidency. Van Buren opposed any direct federal government intervention and cut back federal spending to maintain a balanced budget.

Detailed explanation-5: -Van Buren, however, had the misfortune of becoming president just a few months before the Panic of 1837-an unprecedented financial crisis that brought about an economic depression and earned him the epithet “Martin Van Ruin.” Van Buren also faced the growing problem of slavery in the United States.