At Jackson's behest, the 1832 Democratic National Convention nominated Van Buren for Vice President of the United States, and he took office after the Democratic ticket won the 1832 presidential election. With Jackson's strong support, Van Buren faced little opposition for the presidential nomination at the 1835 Democratic National Convention, and he defeated several Whig opponents in the 1836 presidential election. Van Buren's response to the Panic of 1837 centered on his Independent Treasury system, a plan under which the Federal government of the United States would store its funds in vaults rather than in banks. He also continued Jackson's policy of Indian removal; he maintained peaceful relations with Britain but denied the application to admit Texas to the Union, seeking to avoid heightened sectional tensions.
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