Chester Alan Arthur

Myth Destroyed About Third Term Of Same Party In White House Being Historically Unlikely! How About 7 Times And 120 Years Of Our History?

This blogger keeps on hearing that it is highly unlikely for a political party to hold the White House for more than two terms. Most recently, Chris Matthews said this on MSNBC on HARDBALL!

This is totally untrue, as witness the facts, a total of 7 times:

1800-1824—Democratic Republicans Thomas Jefferson, James Madison, James Monroe–Six terms, 24 years

1828-1840–Democrats Andrew Jackson and Martin Van Buren–Three terms, 12 years

1860-1884–Republicans Abraham Lincoln, Ulysses S. Grant, Rutherford Hayes, James A. Garfield, Chester Alan Arthur (Andrew Johnson elected with Lincoln on “Union” ticket in 1864 was a Southern Democrat, but was never elected)–Six terms, 24 years

1896-1912–Republicans William McKinley, Theodore Roosevelt, William Howard Taft–Four terms, 16 years

1920-1932–Republicans Warren G. Harding. Calvin Coolidge, Herbert Hoover–Three terms, 12 years

1932-1952–Democrats Franklin D. Roosevelt and Harry Truman–Five terms, 20 years

1980-1992–Republicans Ronald Reagan and George H. W. Bush–Three terms, 12 years

This adds up to 30 terms and 120 years from 1789-2008. So that means 30 terms out of 55 terms, more than half the time and 120 years out of 220 years, more than half the time!

And now in 2016, an 8th time, this time the Democrats with Barack Obama and, likely, Hillary Clinton, will add to the record, making it 33 terms out of 58, and 132 years out of 232 years!

Speakers Of The House Of Representatives Who Sought The Presidency, And Now Paul Ryan?

The Speaker of the House of Representatives is second in line for the Presidency after the Vice President under the Presidential Succession Act of 1947, the third such law.

The first such law, from 1792-1886, put the Speaker third in line for the Presidency, with the Vice President and the President Pro Tempore of the US Senate ahead of him, later reversed in 1947.

The second law, from 1886-1947, did not include the Speaker in the line of succession, but rather the Cabinet officers after the Vice President.

In our history, only one Speaker of the House became President, James K. Polk of Tennessee, from 1845-1849, and he proved to be one of the more significant Presidents, adding more real estate to America than anyone other than Thomas Jefferson.  This was accomplished by treaty with Great Britain over the Pacific Northwest in 1846, and by war with Mexico from 1846-1848, which added the Southwestern United States to the Union.

But seven other Speakers sought the Presidency, including the following:

Henry Clay of Kentucky sought the Presidency in 1824, 1832, and 1844, and is regarded as the greatest single legislator in the history of both houses of Congress.  In 1844, we had the only Presidential election where the two opponents had both been Speaker of the House, Clay and Polk!  Clay lost his three elections to John Quincy Adams, Andrew Jackson, and Polk.

John Bell of Tennessee was the Constitutional Union Party nominee for President in 1860 on the eve of the Civil War, and lost to Abraham Lincoln.

James G. Blaine of Maine was the Republican nominee for President in 1884 and lost the election to Grover Cleveland, and was also Secretary of State under three Presidents–James A. Garfield, Chester Alan Arthur, and a full term under Benjamin Harrison.

Thomas Reed of Maine lost the nomination of the Republican Party in 1896 to future President William McKinley.

Champ Clark of Missouri lost the nomination of the Democratic Party in 1912 to future President Woodrow Wilson.

John Nance Garner of Texas, after being Vice President under Franklin D. Roosevelt for two terms from 1933-1941, lost the nomination of the Democratic Party to his boss, President Franklin D. Roosevelt in 1940

Newt Gingrich of Georgia lost the Republican nomination for President to eventual nominee Mitt Romney in 2012.

So four Speakers were nominated for President, with only Polk winning; and four other Speakers lost the nomination when they sought the Presidency.

Now we may have a ninth such Speaker seeking the Presidency, Republican Speaker Paul Ryan of Wisconsin, whose name is being promoted, despite Ryan’s denial of any interest in running for President.

How Death “Might” Have Affected American History! Eleven Potential “Turning Points”!

Assassinations and assassination attempts, and threats, have affected American History, as is covered in my book, “Assassinations, Threats, And The American Presidency: From Andrew Jackson To Barack Obama”, Rowman Littlefield, August 2015.

But then there are cases, not covered  in my book, of situations that could have occurred and affected American history, that have nothing to do with assassinations.

Witness the following:

In 1857, newly inaugurated President James Buchanan was extremely ill at the time of the inauguration, and almost failed to deliver his Inaugural Address, and was in bed for a few weeks after the inauguration, until he recovered.  It was believed he might have been poisoned by an unsafe water supply at the hotel he stayed at before his inauguration.  Had he died in office, Vice President John C. Breckinridge would have been President, and would have been only 36 years old, the youngest President in American history, and actually elected in November 1856, when he was still 35!

Stephen Douglas, Senator from Illinois, was the Democratic nominee for President in the Presidential Election of 1860, a four way race won by Abraham Lincoln, but had Douglas won, he would have died in office three months later, two months after the Civil War had begun, transforming the whole era if that had occurred!

In 1872, Democratic and Liberal Republican Presidential nominee Horace Greeley, who lost the Presidential Election of 1872 to President Ulysses S. Grant, died three weeks after the election, and before the Electoral College met.  What if he had won the election?  It would have meant that Vice Presidential nominee, B. Gratz Brown, Governor of Missouri and, earlier, Senator from Missouri, would have been President!

President Chester Alan Arthur  (1881-1885) succeeded President James A. Garfield after his assassination in September 1881, and finished out the term, but was denied nomination for a full term in 1884, which turned out to be fortunate as Arthur died in 1886, and therefore, would have died in office!

President Grover Cleveland, in his second nonconsecutive term in the White House from 1893-1897, had serious surgery for cancer of the jaw in 1894, done in secret on a boat on the Hudson River, and kept secret until after his death in 1908.  Had he died of cancer, Vice President Adlai Stevenson, the grandfather of Democratic Presidential nominee, Adlai Stevenson II in 1952 and 1956, would have been President!

President William Howard Taft (1909-1913)  saw his Vice President, James Sherman, die in office in October 1912, shortly before the Presidential Election of 1912, which Taft lost, in the worst reelection defeat of any President in American history, winning only two states.  But when the Electoral College met, the name of Columbia University President Nicholas Murray Butler was substituted to count the electoral votes.  However, there was no provision for a replacement Vice President, so had Taft won, he would have had no Vice President for the entire term of 1913-1917!

President Woodrow Wilson (1913-1921) had a severe stroke in September 1919, and never fully recovered in his last year and a half in the White House, and his wife ran cabinet meetings in his absence, but had Wilson resigned or died, Vice President Thomas Marshall would have become President!

Franklin D. Roosevelt had Henry A. Wallace, his Secretary of Agriculture, as his third term Vice President from 1941-1945, and had he not been lobbied to replace the unpopular Wallace with Harry Truman for his fourth term run for the Presidency, it would have been Wallace who would have succeeded FDR in the Presidency after 82 days of the fourth term in 1945!

FDR’s Republican opponents in the Presidential Election of 1940 were businessman Wendell Willkie for President, and Oregon Senator Charles McNary for Vice President.  Had they won the White House, the nation would have faced losing both of them in the last year of the term–McNary dying in February 1944, and Willkie in October 1944, an unprecedented situation to have had both the President and Vice President in the same term die in office!  And this would have occurred during the height of the battle to win World War II, a very dangerous time for such an occurrence!

Harry Truman’s Vice President in his full term from 1949-1953 was Alben Barkley, who wished to run for President in 1952, but was pushed aside since he was already in his 70s, and it was felt it was not a good idea to have a President of that age come to office.  It was fortunate that this happened, since Barkley died in April 1956, so would have died in office!

President Gerald Ford replaced Vice President Nelson Rockefeller as his running mate in the 1976 election for Senator Bob Dole, under pressure from conservative Republicans led by Ronald Reagan, and lost the Presidential Election of 1976 to Jimmy Carter.  Had Ford kept Rockefeller on the ticket, some think he would have defeated Carter, and if that was so, then Ford would have lost his Vice President in office, as Rockefeller died in January 1979!

 

Anti Immigrant Hysteria: 1840s-1850s; 1870s-1880s; 1920s-1940s And Now! Do We Ever Learn?

Part of the ugly side of the history of America is its record of nativism and anti immigrant hysteria.

In the 1840s and 1850s, it was anti Catholic hysteria against the Irish and the German immigrants fleeing from poverty and political turmoil.  The “American” or Know Nothing Party was formed, had some members in Congress, and had former President Millard Fillmore (Whig) win the state of Maryland (heavily Catholic) in the Electoral College in the Presidential Election of 1856.

In the 1870s and 1880s, it was anti Asian hysteria, mostly Chinese at the time, and often led by Irish who had forgotten the prejudice and discrimination they had faced in an earlier generation,and it led to the Chinese Exclusion Act of 1882, courageously vetoed by President Chester Alan Arthur but passed over his veto by a two thirds majority in the House of Representatives and Senate.

In the 1920s through the Second World War in the 1940s, it was anti “new” immigration, to stop the massive wave of Catholics and Eastern European Jews from coming to America, as well as anti Japanese prejudice, replacing the Chinese who had already been banned from migration to America since 1882.

This led to the horrors of Italians, Jews, and other southern and eastern Europeans denied admission to America during the time of the rise and triumph of Fascism in Italy under Benito Mussolini and Nazism under Adolf Hitler in Germany.

The result was the Holocaust, which America could have worked against by admission of refugees, but just like now, it was Republicans, some Democrats, and conservatives who lobbied against children and women and old people being admitted, due to racism and nativism.

It also led to the forced movement of Japanese Americans into internment camps during the Second World War, as an hysterical reaction to Pearl Harbor being attacked by Japan.

In more recent decades, we have seen growing anti Hispanic and anti Latino discrimination, and now against Muslim and Arab refugees, as if we have learned nothing from our past.

America has been a beacon of hope in a difficult world, and we must not lose our image that the Statue of Liberty represents, so we must salute and applaud President Barack Obama for coming out forcefully against Republican Governors and members of Congress, who are demonstrating the ugliest side of the American experience once again!

Presidents And Vice Presidents Who Lived Into Their 90s In American History

A total of six Presidents and four Vice Presidents have lived into their 90s in American history.

The six Presidents include:

Gerald Ford (93).

Ronald Reagan (93)–45 days less than Gerald Ford.

George H. W. Bush (91 and counting)—111 days older than Jimmy Carter.

Jimmy Carter (91 and counting)—111 days younger than George H. W. Bush.

John Adams (90)–about six months older than Herbert Hoover.

Herbert Hoover (90)–about six months younger than John Adams.

The four Vice Presidents include:

John Nance Garner (98)–15 days short of 99, Vice President in first two terms of Franklin D. Roosevelt  (1933-1941)

Levi Morton (96) who died on his birthday,  and served as Vice President under Benjamin Harrison (1889-1893).  He turned down the Vice Presidency earlier, when James A. Garfield offered the post to him in 1880.  Had he accepted, he would have become President upon Garfield’s death by assassination on September 19, 1881, instead of Chester Alan Arthur.

Gerald Ford (93).

George H. W. Bush (91 and counting)

21 Significant Speakers Of The House In American History

With the election of Paul Ryan as the new Speaker of the House of Representatives this week, it makes one focus on  the 54 House Speakers in American history, and recognition of the fact that twenty one of them were quite significant figures in the American past.

Probably the most prominent of all was one of the earliest Speakers, Henry Clay of Kentucky, who became Speaker as a freshman in 1811, and served three different times as House Speaker, from 1811-1814, 1815-1820, and 1823-1825. a total of more than six and a half years, as Congress did not meet back then for many months in any years, but sixth longest serving.  Clay is considered the most famous Congressional figure in American history in both houses of Congress, and was an unsuccessful Presidential nominee three times, in 1824, 1832, and 1844.  He was a giant figure in American political history and American politics.

John Bell was Speaker in 1834-1835, and was also a Presidential candidate of the Constitutional Union party in the Presidential Election of 1860, trying to prevent the Civil War by running as an alternative to the three other candidates that year—Abraham Lincoln, Stephen Douglas, and John C. Breckinridge.  He won three states and 39 electoral votes, carrying Virginia, Kentucky, and Tennessee in the Electoral College.

James K. Polk became the only Speaker so far to become President of the United States, in the Presidential Election of 1844, after having served as House Speaker from 1835-1839.  He is considered the most successful one term President, deciding due to ill health to refuse to run f0r reelection in 1848, but gaining the whole American Southwest in war with Mexico, and arranging the peaceful acquisition of the Pacific Northwest by treaty with Great Britain.  His retirement from the Presidency was the shortest in American history, only 105 days.

Robert M. T. Hunter was the youngest Speaker of the House at the age of 30, serving from 1839-1841, and later as Confederate Secretary of State in 1861-1862 during the Civil War.

Howell Cobb served as Speaker from 1849-1851, being 34 when elected, and served as one of the founders of the Confederate States of America in 1861.

Schuyler Colfax served as Speaker from 1863-1869, and as Vice President in the first term of President Ulysses S. Grant from 1869-1873, being the first of two Speakers to serve in the Vice Presidency, the other being John Nance Garner under Franklin D. Roosevelt.

James G. Blaine served as Speaker from 1869-1875, 10th longest serving with a little over five years, and later was the Republican nominee for President in the Presidential Election of 1884.  He also served as Secretary of State under James A. Garfield, Chester Alan Arthur, and Benjamin Harrison, and was present at the site of the Garfield assassination in 1881.

Thomas B. Reed served as Speaker from 1889-1891 and 1895-1899, and was nicknamed “Czar Reed”, because he wielded great power in the Speakership, which added to the stature and influence of the Speakers after him.

Joseph Cannon served as House Speaker from 1903-1911, added the most power to the Speakership, more than Reed, but then saw a “revolution” of progressive Republicans led by George Norris of Nebraska, which stripped him and future Speakers of the absolute power that Reed and Cannon had waged, and was pushed out of the Speakership when the opposition Democrats won control of the House of Representatives in the midterm elections of 1910.  He was eighth longest serving Speaker, nearly six years, and had a House office building named after him despite his fall from power in 1910.

His successor, Champ Clark, served as House Speaker from 1911-1919, fifth longest serving at seven  years, and nearly won the 1912 Democratic Presidential nomination, but lost to Woodrow Wilson.

Nicholas Longworth served as Speaker from 1925-1931, punished progressive Republicans and restored much of the power of the Speaker under Joseph Cannon, and was married to Theodore Roosevelt’s daughter, Alice.  Later, a House office building would be named after him.

John Nance Garner served 15 months as House Speaker from 1931-1933, and then became Vice President under Franklin D. Roosevelt, and served two terms in that office. He became famous for his statement that the Vice Presidency was not worth  “a bucket of warm piss!”  He opposed much of the New Deal, and tried to win the nomination against his boss when FDR sought a third term in 1940.  On his 95th birthday, President John F. Kennedy wished him “Happy Birthday” just hours before his assassination on November 22, 1963. Garner died at age 98 in 1967, the longest lived Vice President or President, and just 15 days before his 99th birthday!

Sam Rayburn was the most prominent, and longest serving Speaker of the House in American history, serving a total of 17 years in three rounds as Speaker, from 1941=1947, 1949-1953, and from 1955 to near the end of 1961, when he died in office.  A House Office Building is named after him, and only he and Henry Clay served three separate terms as Speaker.  He was one of the most prominent members in the entire history of the House of Representatives, engendering great respect and admiration, and served under Franklin D. Roosevelt, Harry Truman, Dwight D. Eisenhower, and John F. Kennedy.

John W. McCormack was the third longest serving House Speaker, a total of nine years from 1962-1971, and served as House Majority Leader all of the years that Sam Rayburn was Speaker.  He presided over the New Frontier and Great Society legislative package under Presidents John F. Kennedy and Lyndon B. Johnson.

Carl Albert served as Speaker from 1971-1977, seventh longest serving in the office, and a heartbeat away when Spiro Agnew resigned as Vice President in 1973, until Gerald Ford was confirmed as Vice President under the 25th Amendment in 1973, and again when Ford became President in 1974 until Nelson Rockefeller was confirmed as Vice President at the end of that year.

Thomas “Tip” O’Neill was the second longest serving House Speaker, a total of ten years from 1977-1987, serving under Presidents Jimmy Carter and Ronald Reagan.  He served the longest consecutive years as Speaker, and was an unabashed liberal, but negotiated a Social Security compromise agreement with Ronald Reagan in 1983, which became the mark of bipartisanship.

Thomas Foley served six years as Speaker from 1989-1995, and became the first Speaker since 1862 to be defeated for his House seat in 1994, retiring him from the House of Representatives, but he served as Ambassador to Japan for President Bill Clinton from 1997-2001.  He was ninth longest serving Speaker.

Newt Gingrich served as Speaker for four years from 1995-1999, having been the leader of the “Republican Revolution”, where the GOP took back control of the House of Representatives after 40 years in “the wilderness”.  Highly controversial and combative, Gingrich led the fight against President Bill Clinton, and moved for his impeachment in 1998, but then was forced out by an internal rebellion in his own party at the end of 1998.  He sought the Presidency in 2012, but fell short of the nomination, and remains an outspoken active commentator on politics.

Dennis Hastert became the longest serving Republican Speaker in American history, serving eight years from 1999-2007, fourth longest serving, seen as non controversial after Gingrich, and being Speaker under Bill Clinton and George W. Bush.  He became involved in a sex and financial scandal dating back to before he was in Congress, and faces prison time as this article is being written, having pleaded guilty.

Nancy Pelosi became the first woman Speaker, serving four years from 2007-2011, and remains Minority Leader today, and her two Congresses under George W. Bush and Barack Obama accomplished more legislation, particularly under Obama, than any Congress since the 1960s.

John Boehner served almost five years as Speaker from 2011 until this past week, facing highly contentious opponents in his own party, the Tea Party Movement, now known as the Freedom or Liberty Caucus, a group of about 40 Republicans, who made his life miserable, and finally, he resigned, and has handed over authority to Paul Ryan, who was Vice Presidential running mate of Mitt Romney in the Presidential Election of 2012, and had been Chair of the House Budget Committee and House Ways and Means Committee, before becoming Speaker this week.

 

Calvin Coolidge Becomes President Upon The Death Of President Warren G. Harding In 1923

Calvin Coolidge had been Vice President of the United States under Warren G. Harding for two years and five months, when, suddenly, he became the 30th President of the United States upon Harding’s death.

Coolidge also became the sixth President to succeed to the office due to the death of the incumbent President. Also, he became the second President to be elected to the office after succeeding his President in the White House.

Coolidge would serve five years and seven months in office, choosing not to run in 1928, with some thinking he sensed the Great Depression was coming, and wished to leave the Presidency at that time, to avoid having to deal with what became the worst economic collapse in the nation’s history.

Instead, his successor, Herbert Hoover, would gain the ire and hatred of millions of Americans, who would give Hoover a resounding defeat for reelection, and leading to a political transformation, with the Democratic Party, after decades of being in the “wilderness” benefiting from the Great Depression, and becoming the majority party in voter registration and loyalties.

It is now believed by many scholars that Coolidge chose to leave because of the clear cut effect of his son, Calvin, Jr’s, death in 1924, which seemed to have transformed his personality, from one of gregariousness to one of withdrawal in most public situations. Looking back now, it is amazing how Coolidge continued his run for a full term in 1924, and lasted another four years, before finally choosing to enter retirement, as the loss of his son clearly put him into a state of depression.

The effect of his son’s death, however, may also have contributed to Coolidge’s early demise, as he died after the election of Franklin D. Roosevelt over Herbert Hoover, but before Hoover left office.

Only James K. Polk, Chester Alan Arthur and Woodrow Wilson had failed to survive their successor’s term in office, other than Coolidge.

“Fit” And “Unfit” Presidents In American History

The issue of Presidential health is an important one, as the stresses on the Chief Executive, are, and have been, massive over time, and the job ages all Presidents noticeably.

But separate from general health, there is also the issue of how “fit” or “unfit” Presidents have been while in office, and those who have been active in athletic activities before and during their White House years.

The list of truly “fit” Presidents has favored the younger Presidents over time, but there are also cases of other Presidents who have made being fit an important part of their image as Presidents. These Presidents participated in sports, and even when having health issues over time, they still emphasized the active life.

So the truly “fit” Presidents would include:

George Washington

John Quincy Adams

Andrew Jackson

Abraham Lincoln

Theodore Roosevelt

Dwight D. Eisenhower

John F. Kennedy

Gerald Ford

Ronald Reagan

George H. W. Bush

George W. Bush

Barack Obama

All of the above 12 Presidents did a lot of exercise throughout their lives, and some were in the military as generals (Washington, Jackson, Eisenhower).

Those Presidents that would qualify as particularly unfit would include:

John Adams

Martin Van Buren

James Buchanan

Chester Alan Arthur

Grover Cleveland

William McKinley

William Howard Taft

Warren G. Harding

Lyndon B. Johnson

Bill Clinton

All of the above 10 Presidents had major issues with weight, particularly Taft and Cleveland.

Of course, “fitness” has nothing to do with greatness in the White House, as Franklin D. Roosevelt proves! But FDR also had massive upper body strength, despite the polio that prevented him from walking.

Is It Unusual For Three Or More Consecutive Terms For A Political Party In The White House? NO!

The myth has been promoted that it is “unusual” for a political party to keep control of the White House for more than two terms, eight years, but nothing could be further from the truth!

In the first political party system, the Federalists held power for 12 years (1789-1801) under George Washington and John Adams, although the name “Federalist” did not exist formally until 1794, after the battle between Alexander Hamilton and Thomas Jefferson created the first party system.

The Democratic Republicans then held power for 24 years (1801-1825) under Thomas Jefferson, James Madison, and James Monroe.

The newly constituted Democratic Party held power for 12 years (1829-1841) under Andrew Jackson and Martin Van Buren.

The newly constituted Republican Party held power for 24 years (1861-1885) under Abraham Lincoln, Andrew Johnson, Ulysses S. Grant, Rutherford Hayes, James Garfield, and Chester Alan Arthur, although Andrew Johnson was never a Republican, but rather a Democrat put on the national ticket for election reasons by Lincoln in 1864, and Johnson having a disastrous relationship with the Republican Congress, and facing impeachment proceedings.

The Republican Party then held power for 16 years (1897-1913) under William McKinley, Theodore Roosevelt, and William Howard Taft.

The Republican Party then held power for 12 years (1921-1933) under Warren G. Harding, Calvin Coolidge, and Herbert Hoover.

The Democratic Party then held power for 20 years (1933-1953) under Franklin D. Roosevelt and Harry Truman.

The Republican Party then held power for 12 years (1981-1993) under Ronald Reagan and George H. W. Bush.

So political parties have held control of the White House for more than two terms a total of EIGHT TIMES, ranging from 24 years twice, 20 years once, 16 years once, and 12 years four times!

Also realize that Grover Cleveland and Al Gore won the national popular vote in 1888 and 2000, but lost the electoral college. Had they become President, then there would have been 12 straight years of Democrats from 1885-1897, assuming Cleveland might have gone for a third term in 1892, instead of trying to return to the White House; and if Al Gore had won in 2000, it would have been at least 12 straight years of Democrats from 1993-2005, and potentially a second Gore term in 2004!

American Presidents And Wealth Estimates In 2015!

An update on the net worth of America’s Presidents, their total wealth at time of death, or for the living Presidents, what it is as of 2015, including inflation as a factor, reveals the following:

John F. Kennedy was the wealthiest President, worth within the range of $125 million to possibly $1 billion!

Due to this uncertain range, George Washington might be the wealthiest at $525 million.

The other Presidents over $100 million in net worth are:

Thomas Jefferson $212 million

Theodore Roosevelt $125 million

Andrew Jackson $119 million

James Madison $101 million

Five Presidents over $50 million up to $98 million include:

Lyndon B. Johnson $98 million

Herbert Hoover $75 million

Franklin D. Roosevelt $60 million

Bill Clinton $55 million

John Tyler $51 million

The next six Presidents are worth between $20 million and $27 million, as follows:

James Monroe $27 million

Martin Van Buren $26 million

Grover Cleveland $25 million

George H. W. Bush $23 million

John Quincy Adams $21 million

George W. Bush $20 million

The next five Presidents are worth $10 million to $19 million, as follows:

John Adams $19 million

Richard Nixon $15 million

Ronald Reagan $13 million

Barack Obama $12 million

James K. Polk $10 million

The next ten Presidents are worth between $2 million and $8 million, as follows:

Dwight D. Eisenhower $8 million

Gerald Ford $7 million

Jimmy Carter $7 million

Zachary Taylor $6 million

William Henry Harrison $5 million

Benjamin Harrison $5 million

Millard Fillmore $4 million

Rutherford Hayes $3 million

William Howard Taft $3 million

Franklin Pierce $2 million

The remaining 11 Presidents are worth between under $1 million up to less than $2 million, in the following order:

William McKinley

Warren G. Harding

James Buchanan onward are each worth less than $1 million downward, with Truman the poorest.

Abraham Lincoln

Andrew Johnson

Ulysses S. Grant

James A. Garfield

Chester Alan Arthur

Woodrow Wilson

Calvin Coolidge

Harry Truman

Many of the early Presidents were landowners and slave owners, and were, therefore, extremely wealthy.

The Presidents of the middle and late 19th century were mostly quite poor, including those who were military generals.

Presidents since 1929 have been generally much wealthier in most cases.

Many Presidents in modern times have become wealthy through speeches and writings.

Bill Clinton has the potential to become of the wealthiest Presidents in American history as time goes by, and more so, if his wife, Hillary Clinton, becomes President! The long term potential for Barack Obama is also for great wealth over his lifetime, leaving office at age 55!