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 "Peter H. McNulty"): Peter H. McNulty (1818-1902), a merchant and real estate operator and, concurrently, an officer from 1880 (3rd Battalion) and a major from 1889 (Quartermaster, 2nd Brigade) in the New York National Guard, was a multi term turn of the 19th century Democratic Party (USA) New York State Senator from Brooklyn’s 6th District (119th New York State Legislature, 120th New York State Legislature and 121st New York State Legislature).
Relevant evidence: No