Answer: Grover Cleveland
Grover Cleveland served as the 22nd and 24th president of the United States, and was the only president in history to serve two non-consecutive terms in office (1885–1889 and 1893–1897).
During his second administration, the Panic of 1893 began, which produced a severe depression. This affected every aspect of the economy.
The depression and Cleveland's inability to reverse it ruined the Democratic Party, opening the way for a Republican landslide in 1894. The result was a political realignment that launched the Progressive Era.