Martin Van Buren was the eighth President of the United States (1837-1841), after serving as the eighth Vice President and the tenth Secretary of State, both under President Andrew Jackson. While the country was prosperous when the “Little Magician” was elected, less than three months later the financial panic of 1837 punctured the prosperity. The rift in the Cabinet became serious because of Jackson’s differences with Calhoun, a Presidential aspirant. Van Buren suggested a way out of an eventual impasse: he and Secretary of War Eaton resigned, so that Calhoun men would also resign. Jackson appointed a new Cabinet, and sought again to reward Van Buren by appointing him Minister to Great Britain. Vice President Calhoun, as President of the Senate, cast the deciding vote against the appointment–and made a martyr of Van Buren.