As the
Whig Party emerged in 1832-34, Clay immediately became its dominant leader, centering its program around the "American System," a program designed to unify all portions of the country through the economic policies of
Alexander Hamilton in his
Report on Manufactures. The Democratic Party, which emerged from the old Democratic-Republican Party at the same time as the
National Republican Party, opposed the American System of the Whig Party in each successive election until the emergence of the
Republican Party of
Abraham Lincoln in the late 1850s.
Clay ran for president five times but was never able to win.
*In
1824 Clay ran together with
John Quincy Adams, Andrew Jackson, and
William H. Crawford, all as
Democratic-Republican candidates. There was no clear majority in the
Electoral College. In 1823, Crawford suffered a stroke. Even though he recovered in 1824, this crippled his bid for the presidency.
**The election was thrown to the U.S. House of Representatives. As per the Twelfth Amendment, only the top three candidates in the electoral vote were candidates in the House: Jackson, Adams, and Crawford. Clay was left out, but as Speaker of the House, would play a crucial role in deciding the presidency. Clay detested Jackson and had said of him, “I cannot believe that killing 2,500 Englishmen at
New Orleans qualifies for the various, difficult, and complicated duties of the
Chief Magistracy.” Moreover, Clay's American System was far closer to Adams's position on tariffs and internal improvements than Jackson's or Crawford's, so Clay threw his support to Adams. John Quincy Adams was elected President on February 9, 1825, on the first ballot.
**Adams's victory shocked Jackson, who expected that, as the winner of a plurality of both the popular and electoral votes, he would be elected President. When President Adams appointed Clay his Secretary of State, essentially declaring him heir to the Presidency — Adams and his three predecessors had all served as Secretary of State — Jackson and his followers accused Adams and Clay of striking a "corrupt bargain." The Jacksonians would campaign on this claim for the next four years, ultimately leading to Jackson's victory in the Adams-Jackson rematch in 1828. Clay denied that any bargain had been struck, and no evidence has ever been found to show that there was.
*In
1832 Clay was unanimously
nominated for the presidency by the
National Republicans; Jackson, by the
Democrats. The main issue was the policy of continuing the
Second Bank of the United States. He lost by a wide margin to the highly popular Jackson (55% to 37%).
*In
1840, Clay was a candidate for the Whig nomination, but he was defeated in the party convention by supporters of war hero
William Henry Harrison. Harrison was chosen because his war record reminded people of Jackson and he was seen as more electable than Clay. If the Whigs had been more aware of the political weakness of
President Van Buren, they would have probably selected Clay.
*In
1844, Clay was nominated by the Whigs against
James K. Polk, the Democratic candidate. Clay lost due in part to national sentiment for Polk's program "
54º40' or Fight" campaign which was to settle the northern boundary of the United States with Canada then under the control of the British Empire. Clay also opposed admitting
Texas as a state because he felt it would reawaken the
Slavery issue and provoke
Mexico to declare war. Polk took the opposite view and public sentiment was with him, especially in the Southern United States. Nevertheless, the election was close;
New York's 36 electoral votes proved the difference, and went to Polk by a slim 5,000 vote margin.
Liberty Party candidate
James G. Birney won a little over 15,000 votes in New York and may have taken votes from Clay.
**Clay's warnings came true as annexation led to the
Mexican-American War (1846-1848) while the North and South came to heads over the extending slavery into
Texas and beyond during Polk's Presidency.
*In
1848, Zachary Taylor, a
Mexican-American War hero, won the Whig nomination, again depriving Clay of the nomination.
Henry Clay lost his first two presidential bids by wide margins, due mainly to his failure to form a national coalition or to build political organization that could match the Jacksonian Democrats. And although the Whigs had become as adept at political organizing as the Democrats by the time of Clay's final presidential bid, Clay himself failed to connect to the people, partly because of his unpopular views on slavery and the American System in the South. When Clay was warned not to take a stance against slavery or be so strong for the American System, he was quoted as saying, "I'd rather be right than be President!" This remark has been quoted or paraphrased by several presidential candidates since, as a statement of principle over ambition.