A founder of the Democratic Party, he had previously served as the ninth governor of New York, the tenth United States secretary of state, and the eighth vice president of the United States. He won the 1836 presidential election with the endorsement of popular outgoing President Andrew Jackson and the organizational strength of the Democratic Party. He lost his 1840 reelection bid to Whig Party nominee William Henry Harrison, thanks in part to the poor economic conditions surrounding the Panic of 1837. His support for the bill helped it win approval from the New York legislature.
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