[PAR] [TLE] 52nd New York State Legislature [SEP] The 52nd New York State Legislature, consisting of the New York State Senate and the New York State Assembly, met from January 6 to May 5, 1829, during the short tenure of Martin Van Buren as Governor of New York, and—after Van Buren's resignation—during the first year of Enos T. Throop's governorship, in Albany. [PAR] [TLE] Martin Van Buren [SEP] Martin Van Buren (Dutch: "Maarten van Buren" ; December 5, 1782 – July 24, 1862) was the eighth President of the United States (1837–41).  A founder of the Democratic Party, he served in a number of senior roles, including eighth Vice President (1833–37) and tenth Secretary of State (1829–31), both under Andrew Jackson.  Van Buren won the presidency by promising to continue Jackson's policies.  Shortly after taking office, the Panic of 1837 struck the nation, and his inability to deal effectively with the economic crisis, combined with the growing political strength of the opposition Whig Party, led to his defeat.  During his half-century of public service, he built, perfected, and defended a new system of political parties at first the state and then the federal level.
[PAR] [TLE] 52nd New York State Legislature [ SEP ] The 52nd New York State Legislature , consisting of the New York State Senate and the New York State Assembly , met from January 6 to May 5 , 1829 , during the short tenure of Martin Van Buren as Governor of New York , and — after Van Buren 's resignation — during the first year of Enos T. Throop 's governorship , in Albany . [PAR] [TLE] Martin Van Buren [ SEP ] Martin Van Buren ( Dutch : " Maarten van Buren " ; December 5 , 1782 – July 24 , 1862 ) was the eighth President of the United States ( 1837–41 ) . A founder of the Democratic Party , he served in a number of senior roles , including eighth Vice President ( 1833–37 ) and tenth Secretary of State ( 1829–31 ) , both under Andrew Jackson . Van Buren won the presidency by promising to continue Jackson 's policies . Shortly after taking office , the Panic of 1837 struck the nation , and his inability to deal effectively with the economic crisis , combined with the growing political strength of the opposition Whig Party , led to his defeat . During his half - century of public service , he built , perfected , and defended a new system of political parties at first the state and then the federal level .
What was the economic crisis that led to the defeat of the President who had been Governor of New York at the beginning of the 52nd New York State Legislature?
What was the economic crisis that led to the defeat of the President who had been Governor of New York at the beginning of the 52nd New York State Legislature ?
Panic of 1837
Panic of 1837