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Van Buren was the third president to serve only one term, after John Adams and his son, John Quincy Adams. He also was one of the central figures in developing modern political organizations. As Andrew Jackson's Secretary of State and then Vice President, he was a key figure in building the organizational structure for Jacksonian democracy, particularly in New York State. However, as a president, his administration was largely characterized by the economic hardship of his time, the Panic of 1837. Between the bloodless Aroostook War and the Caroline Affair, relations with Britain and its colonies in Canada also proved to be strained. Whether or not these were directly his fault, Van Buren was voted out of office after four years, with a close popular vote but a rout in the electoral vote. In 1848, he ran for president on a third-party ticket, the Free Soil Party.
Martin Van Buren is one of only two people, the other being Thomas Jefferson, to serve as Secretary of State, Vice President and President.
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