In 1836, Martin Van Buren won the White House after severing four years as Andrew Jackson's vice president. Van Buren was aided by the divided Whig Party. He won 170 electoral votes compared to his opponents’ 124 votes. Thereafter, the Van Buren administration was forced to deal with a severe financial crisis in the United States. Van Buren’s solution was to set up an “independent treasury” to hold federal funds that had previously been in the possession of the states. This move caused a revolt within the nascent Democratic Party and many members bolted to the Whig Party. The popularity of the Van Buren administration was further eroded by the long and bitter struggle against the Seminole Indians in Florida. Moreover,…
Richert, Lucas Paul. "Presidency of Martin Van Buren". The Literary Encyclopedia. First published 20 January 2009; last revised 30 November -1.
[http://www.litencyc.com/php/stopics.php?rec=true&UID=693, accessed 19 April 2015.]