Question: 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?
Sentence (from "Martin Van Buren"): 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.
Relevant evidence: Yes