His Specie Circular of July 1836 rejected paper money issued by banks (it could no longer be used to buy federal land), insisting on gold and silver coins.
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Each candidate (Henry Clay, William Crawford, Andrew Jackson, and John Quincy Adams), all of whom were nominally Democratic Republicans, had a regional base of support involving factions in the various states.
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During the deadlock of four years, the Second Party System broke up, Mormon pioneers settled Utah, the California Gold Rush settled northern California, and New Mexico under a federal military government turned back Texas's attempt to assert control over territory Texas claimed as far west as the Rio Grande.