9/29/09

Martin Van Buren: Party Animal

I'm not just calling Van Buren a party animal because the term 'booze' was coined because of the E.B. Booz liquor company which supplied the log cabin shaped liquor bottles in his unsuccessful campaign against the Whigs.

Van Buren helped to form one of the first truly national movements in America. To this point, with some exceptions, most politics were defined by regional interests. The Federalist party, or what little was left of it at this point represented the Northeastern manufacturing interests. The Democratic-Republicans represented the Southern agricultural interests.

At one time to be from Massachusetts was to be a Federalist, to be from Virginia was to be a Republican (different meaning then). Van Buren changed all that.

He had modern advances in technology and transportation on his side. Now was the heyday of steam ship travel, the start of efficient train travel and the golden age of party newspapers.

Presidents and politicians in the northeast or Virginia in the early 1800's would never have dreamed of taking months off to travel out west to Ohio or down south to Georgia. To do so would have presented great risks, been excruciatingly slow, uncomfortable and cost prohibitive.

Now, if Van Buren wanted to consult his mentor Andrew Jackson on a policy matter, he could board a train to Tennessee and be back to Washington D.C. in a matter of days, not months.

Newspaper presses started to cater more towards general political sentiments than regional interests. They were also becoming easier to operate and could get readers undivided attention, unlike the political pamphlets of the early 1800's which were only read by those already inclined to agree with them.

These are the tools that allowed Van Buren to forge his national democratic party and are the same tools that the Whig party, copying his methods would use to defeat him four years after took office.

9/25/09

Martin Van Buren: O.K.

Few people who say 'ok' reflexively to a question realize that the term comes from Van Buren.

He used to sign his letters 'O.K.' which stood for 'Old Kinderhook' (his hometown in NY)- one of his many nicknames. This one was use mostly by his operatives to give a homey feel to his policies (think Old Hickory for Jackson or the fireside chats of FDR)

For whatever reason, the phrase stuck around for much longer than people's memories of the president.

Some other interesting nicknames of Van Buren (he had many)

"The Careful Dutchman" (his native language)
"The Little Magician" (he was a kingmaker and very short)
"Martin Van Ruin" (Whig critics name for him due to the Panic of 1837)
"The Red Fox of Kinderhook" (the best kind of nickname, used by friends and enemies)

9/21/09

Martin Van Ruin: Specie Circular



Political Cartoon "The Ghost of Commerce"




Martin Van Buren's presidency was dominated by an economic crisis that known as the Panic of 1837.

It's hard to say if government policy was completely to blame for this economic crisis, but it's fair to say that Martin Van Buren was unjustly blamed for it with his Whig Party critics calling him 'Martin Van Ruin'.

The crisis stemmed from land speculation in taken Indian Lands. If you recall from my posts on Jackson, the Indians by this time were mostly pushed out of the South and East. Jackson's poor Democratic constituents rushed in to purchase cheap land from the government and homestead it.

Speculators got in on the act buying and selling large parcels of this land to resell to people looking to come out and ranch or farm on it. Many of these speculators borrowed from state banks whose paper currency was not backed by specie (gold and silver). This led to massive inflation and a devaluation of paper currency.

In response, Jackson towards the end of his second term issued the Specie Circular act which required that Federal (old Indian) lands be purchased by gold or silver. This essentially froze the credit markets (similar to the credit freeze that escalated the 08' banking crisis, but actually imposed by the government) since the state banks and the borrowers were relying on and trading in drastically inflated paper money they issued.

It's fair to say also that in not renewing the National Bank's charter in his crusade against the bankers and moving the Fed's reserves to state banks, Jackson created the conditions that the state banks could cause this credit bubble.

Van Buren was caught between a rock and a hard place, since he did not want to take responsibility for the crisis himself and did not want to sell out his old friend Jackson. He could have done better in the PR department as he was the first man to really start a political machine, but this was his undoing. The Jackson administration had made so many enemies, the opposition had a very easy time covering the story in their partisan newspapers.

It's the economy stupid. Martin Van Buren was doomed to be a one term president.

9/17/09

Martin Van Buren: A Few Words





(From the White House Historical Association)





As Jackson's Secretary of State, Martin Van Buren was the Super Ego to Jackson's Id. While Jackson was known for challenging his opponents with the (actual) threat of bodily harm, Van Buren was much more likely to invite them to dinner.

His style was not of a gentleman of rank and status like Jefferson and Washington but also was not the hard charging, take no prisoners strategy of Jackson. He was much more of a political animal, understanding that he could not always make a stand on his own pure principals and that sometimes you have to make an alliance with your opponent to get what you want.

This dedication to preserving the peace helped him serve as a moderating influence in the Jackson administration, curbing some of Jackson's wilder instincts. It also helped him serve as a fixer in the constant infighting in the cabinet. He befriended the scandalized Peggy Eaton who had embroiled the administration in sex scandals and who the cabinet members' wives had shunned.

He helped to found the Democratic Party (he and Jackson called it The Democracy) which was not quite like Barack Obama or Nancy Pelosi's party, but still was a political party in the true sense. He united slave owning interests in the South with populist interests in the North, creating the first truly National party.

He has the ironic distinction of being the first President born an American citizen and the only president ever whose native language is something other than English (Dutch). Lou Dobbs and his Birthers would be very confused!