Martin Van Buren, the eighth President of the United States, is credited as the founder of the Democratic Party. After serving as Andrew Jackson's Vice President, Van Buren established the Democratic Party in 1828, solidifying a two-party system in American politics. Known as the "Little Magician" for his political acumen, Van Buren aimed to create a national party based on Jacksonian principles, focusing on the common man, states' rights, and economic equality. His presidency saw the implementation of the Independent Treasury System, separating the government from private banks, and the formation of the Democratic National Convention, which remains the party's primary nominating process today.