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Senior Managing Editor, Rogue Economics James Buchanan, the 15th President of the United States (1857-1861), served immediately prior to the American Civil War. He remains the only President to be elected from Pennsylvania and to remain a lifelong bachelor. Tall, stately, stiffly formal in the high stock he wore around his jowls, James Buchanan was the only President who never married. Presiding over a rapidly dividing Nation, Buchanan grasped inadequately the political realities of the time. Relying on constitutional doctrines to close the widening rift over slavery, he failed to understand that the North would not accept constitutional arguments which favored the South. Nor could he realize how sectionalism had realigned political parties: the Democrats split; the Whigs were destroyed, giving rise to the Republicans. Born into a well-to-do Pennsylvania family in 1791, Buchanan, a graduate of Dickinson College, was gifted as a debater and learned in the law. He was elected five times to the House of Representatives; then, after an interlude as Minister to Russia, served for a decade in the Senate. He became Polkâs Secretary of State and Pierceâs Minister to Great Britain. Service abroad helped to bring him the Democratic nomination in 1856 because it had exempted him from involvement in bitter domestic controversies. As President-elect, Buchanan thought the crisis would disappear if he maintained a sectional balance in his appointments and could persuade the people to accept constitutional law as the Supreme Court interpreted it. The Court was considering the legality of restricting slavery in the territories, and two justices hinted to Buchanan what the decision would be. Thus, in his Inaugural the President referred to the territorial question as âhappily, a matter of but little practical importanceâ since the Supreme Court was about to settle it âspeedily and finally.â Two days later Chief Justice Roger B. Taney delivered the Dred Scott decision, asserting that Congress had no constitutional power to deprive persons of their property rights in slaves in the territories. Southerners were delighted, but the decision created a furor in the North. Franklin Pierce became 14th President of the United States at a time of apparent tranquility (1853-1857). By pursuing the recommendations of southern advisers, Pierce â a New Englander â hoped to ease the divisions that led eventually to Civil War. Franklin Pierce became President at a time of apparent tranquility. The United States, by virtue of the Compromise of 1850, seemed to have weathered its sectional storm. By pursuing the recommendations of southern advisers, Pierceâa New Englanderâhoped to prevent still another outbreak of that storm. But his policies, far from preserving calm, hastened the disruption of the Union. Born in Hillsborough, New Hampshire, in 1804, Pierce attended Bowdoin College. After graduation he studied law, then entered politics. At 24 he was elected to the New Hampshire legislature; two years later he became its Speaker. During the 1830âs he went to Washington, first as a Representative, then as a Senator. Pierce, after serving in the Mexican War, was proposed by New Hampshire friends for the Presidential nomination in 1852. At the Democratic Convention, the delegates agreed easily enough upon a platform pledging undeviating support of the Compromise of 1850 and hostility to any efforts to agitate the slavery question. But they balloted 48 times and eliminated all the well-known candidates before nominating Pierce, a true âdark horse.â Probably because the Democrats stood more firmly for the Compromise than the Whigs, and because Whig candidate Gen. Winfield Scott was suspect in the South, Pierce won with a narrow margin of popular votes. Two months before he took office, he and his wife saw their eleven-year-old son killed when their train was wrecked. Grief-stricken, Pierce entered the Presidency nervously exhausted. In his Inaugural he proclaimed an era of peace and prosperity at home, and vigor in relations with other nations. The United States might have to acquire additional possessions for the sake of its own security, he pointed out, and would not be deterred by âany timid forebodings of evil.â Pierce had only to make gestures toward expansion to excite the wrath of northerners, who accused him of acting as a catâs-paw of Southerners eager to extend slavery into other areas. Therefore he aroused apprehension when he pressured Great Britain to relinquish its special interests along part of the Central American coast, and even more when he tried to persuade Spain to sell Cuba. But the most violent renewal of the storm stemmed from the Kansas-Nebraska Act, which repealed the Missouri Compromise and reopened the question of slavery in the West. This measure, the handiwork of Senator Stephen A. Douglas, grew in part out of his desire to promote a railroad from Chicago to California through Nebraska. Already Secretary of War Jefferson Davis, advocate of a southern transcontinental route, had persuaded Pierce to send James Gadsden to Mexico to buy land for a southern railroad. He purchased the area now comprising southern Arizona and part of southern New Mexico for $10,000,000. [Logotype by NTV]( You are receiving our newsletter because you opted-in for it on one of our sister websites. Make sure you stay up to date with finance news by [whitelisting us](. Copyright © 2022 New Trading View.com All Rights Reserved[.]( 234 5th Ave, New York, NY 10001, United States [Privacy Policy]( l [Terms & Conditions]( [Unsubscribe](